That’s when you know you are in a really bad recession. Wall Street Journal trivia:
Stanislas Henriot, president of his family’s esteemed champagne house, Henriot, says the appellation will survive, but also admits, “It’s been brutal.” According to one of the biggest distributors in the United States, sales are off 50 percent for the basic stuff , and down 85 percent for the fancy.
Wow. It really is bad all over!