Toasting the Bubbly
When New Year’s Eve revelers pop the cork on a limited-edition $1,150 bottle of 1996 Krug Clos du Mesnil champagne to celebrate the arrival of 2008, investors will be partying alongside.
“If the champagne craze continues at the current pace, winemakers won’t be able to satisfy demand and prices will skyrocket,” said Laetitia Delaye, analyst at Landsbanki Kepler in Paris, who has been following French beverage companies for three years. “That can only be good for the stocks.”
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