Drinkers, smokers seek respite from gloom by trading up
From Technobarbarian@21:1/5 to All on Thu Jul 28 08:30:00 2022
"LONDON, July 28 (Reuters) - Soaring inflation has made life harder for
most of the world - but some people are still smoking expensive
cigarettes and doing shots of fancy tequila.
From British American Tobacco (BATS.L) to Tanqueray gin maker Diageo
(DGE.L), cigarette and alcohol companies cited strong demand for
high-end products people can't seem to shake when they reported results
this week. Far from buying cheaper alcohol and tobacco, shoppers are
instead trading up."