12/31/2009

The global recession is forcing Champagne makers in France to slash prices, with some bottles selling for as little as $14. Laurent-Perrier is offering its Jeanmaire brand at that price, while Boizel Chanoine is selling Champagne for only a few dollars more. Champagne makers are seeing stiffer competition from sparkling wines, and those companies that haven't dropped their prices have seen their sales fall.

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