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French exports of expensive champagne and cognac suffered a record 17 percent drop last year, as people in the U.S. and Britain drank less and switched to cheaper brands. Will this damage the traditional dominance France holds in the wine industry?
French exports of expensive champagne and cognac suffered a record 17 percent drop last year, as people in the U.S. and Britain drank less and switched to cheaper brands. Will these market forces damage the traditional dominance France holds in the wine industry? Benedicte Paviot, correspondent with the television network, France 24 looks at the implications.