You may have to move quickly if you are planning to celebrate the festive season with some French fizz.
Champagne stocks could be sold out before Christmas, the boss of one of the world's biggest producers warned yesterday.
Americans are taking advantage of the strong dollar to snap up bottles of the ever-popular wine, according to the Telegraph.
Philippe Schaus, chief executive of Moet Hennessy - whose brands include Veuve Clicquot, Dom Perignon and Moet & Chandon - said they were "running out of stock" at a press conference in Singapore, raising the spectre of shortages over the festive season.
Mr Schaus said demand was so strong that his company was calling it the "roaring 20s". American customers have capitalised on the comparative strength of the US dollar to snap up bottles of bubbly.
The comments raise the spectre that families will be forced to raise a toast with alternative sparkling wine over the festive season.
Previous warning
Jean-Jacques Guiony, finance chief of LVMH, Moet Hennessy's parent, has previously warned that stocks may not last until Christmas.
Total shipments of Champagne last year rose to 322million bottles, an increase of 32% over 2020.
The market in France was up by 25% at nearly 142million bottles - a return to 2019 levels. Exports continued to rise, to a new record of 180million bottles.
LVMH, France's biggest listed company, has benefited from the weak euro compared with the US dollar, which makes its goods cheaper in real terms for American shoppers.
Mr Schaus said demand for champagne had not been dampened by a global squeeze on household budgets. Luxury goods sold by LVMH have thus far proved immune to soaring inflation and stagnating economic growth.
Consultants at Bain & Company estimate that the luxury goods market will grow by up to 8% in 2023, despite an expected global downturn.
Growth is being driven by younger generations, with Millennials, born in the early 1980s, and Gen Z, those aged between eight and 23, accounting for all the growth in the luxury market in 2022, Bain said.