Related: Why alcohol sales are declining In other business headlines, military conflicts in several parts of the world, global political uncertainty and dissatisfaction, and inflation’s stubborn will not to go back down - are all taking a toll on the world’s party vibe.

A new report from Comité Champagne — an organization consisting of key players in champagne production, including growers, cooperatives and merchants — found that the total number of champagne shipments from France dropped nearly 10% last year, to 271 million bottles.

Champagne sales have fallen to their lowest levels in over two decades, with shipments down nearly 10 per cent globally. Economic uncertainty, political instability, and changing consumer habits have contributed to this slump,

The total number of Champagne shipments from France sank by almost 10% last year to 271 million bottles, marking the second consecutive year of declines.