As if his exhibition, Hats: An Anthology, at the Victoria & Albert Museum wasn’t enough of a treat, Stephen Jones has collaborated with Champagne house Perrier-Jouet to create another suitably indulgent treat: a personalised, limited edition leather hatbox and matching hat.

One of just 8 individual collector’s items available in the UK, the hatbox is a work of art in itself - handmade by Italian craftsmen using white leather, natural green silk and gold thread.

Filled with luxury Belle Epoque champagne accessories, it represents the ultimate travelling case for footloose champagne lovers, containing a Christofle silver ice bucket designed for Perrier-Jouët, two hand-blown anemone flutes and a bottle of Belle Epoque 1999.

Veuve Clicquot has released a new version of its Ice Jacket, a high-tech isotherm sleeve tailored to the shape of the Veuve Clicquot Yellow Label bottle and designed to keep it at the perfect temperature.

Employing thermodynamics to keep the precious bubbly cool, the new Ice Jacket 2 is produced in a high-tech fabric with leather detailing which highlights the vibrant Clicquot Yellow.

The Ice Jacket can maintain the champagne at an optimal tasting temperature for up to two hours.

Decanter reports that Moët Hennessy Champagne sales were down 35 percent in the first three months of this year.

The LVMH drinks arm owns many of the biggest brands in the category such as Moët & Chandon, Veuve Clicquot, Ruinart, Mercier and Krug

The company said revenues from its Champagne and still wine business fell 22% in the first quarter to €197m.

Luxury goods group LVMH Moët Hennessy-Louis Vuitton has denied it is in negotiations to sell wines and spirits division Moët Hennessy.

A report in the Daily Telegraph newspaper suggested that liquor company Diageo was considering a €12bn ($15.5bn) takeover of LVMH’s drinks arm, which includes brands such as Dom Pérignon, Moët & Chandon, Krug and Veuve Clicquot champagnes, Hennessy cognac and Glenmorangie Scotch whisky.

Diageo’s links with LVMH go back 22 years, when Guinness - one of the groups which went to create Diageo - struck up a joint venture.

It is a sound associated with celebration around the world, but the pop of a traditional champagne cork could soon be replaced by the click of a metal cap if one leading producer’s experiment takes off.

Duval-Leroy, one of the larger Champagne houses which produced more than 6 million of the 320 million bottles of Champagne made last year, will start selling bottles with aluminium tops later this year.

This will be the first time cork has not been used to secure bottles of the famous sparkling wine in its 350-year history.

Known for creating the famous dog duo Caprino and Peperone, French artist, Florence Deygas has struck another amazing collaboration - this time with Veuve Clicquot champagne.

“The current collaboration with Veuve Clicquot includes several illustrations using paintbrush techniques over more classic line drawing,” a rep from the champagne company explained.

“These illustrations use Veuve Clicquot’s classic red signature across its iconic yellow with scenes that vary from seasons to special occasions.”