Fallout from COVID-19 on champagne difficult to assess, H1 to be hard hit

>Caution required: champagne not in a festive mood - Following the publication of the full-year results of Lanson-BCC and Vranken Pommery amid uncertainty over the impact of coronavirus on the economic situation, we are adopting a more cautious approach on the Champagne houses in our universe of coverage. The groups said the entire industry saw its production brought to a virtual standstill due to the actions taken to ensure the safety of employees and a drop in order...