According to this article exports of Champagne have dropped by a third. The news comes as people cut back on luxury products during the recession. Some of the biggest Champagne houses such as Laurent-Perrier have seen a drop of 27 per cent in the 2008/2009 financial year with net profits down by 45 per cent. It’s not just Champagne exports that are suffering it appears that people are buying less high end wines and moving towards more lower priced bottles as they try to save money.