Taking the fizz out of the recession

Although the collapse and nationalisation of banks and large financial corporations has shaken international consumer confidence, volumes of wine sales remain relatively consistent. But what has been affected is the value of the wines that are being

21st March, 2009

Although the collapse and nationalisation of banks and large financial corporations has shaken international consumer confidence, volumes of wine sales remain relatively consistent. But what has been affected is the value of the wines that are being bought.

The current trend among wine consumers is to switch from buying expensive wines to cheaper ones, albeit in similar quantities. Wine shops and supermarkets across Ireland have been quick to react to this switch and are speedily...

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