Dom Perignon and Krug could be in short supply later this year, as luxury goods giant LVMH is the latest firm to warn of dwindling champagne stocks.

Group chairman and chief executive officer Bernard Arnault told Decanter that there was a sharp increase in champagne sales during 2010, with Dom Perignon and Krug being the star performers.

However, the Comite Interprofessionnel du Vin de Champagne has restricted the last two harvests, after poor sales during the recession fed fears of oversupply in the market.

As such, Mr Arnault reveals that the success of LVMH's Champagne labels now means that they could run out of wine.

"Some other companies were dumping their stock; we decided to buy more. But we didn't buy enough and now with the recovery and resumption of the market, we found ourselves short," he told the publication.

Paul-Francois Vranken, chief executive officer of Champagne estate Vranken Pommery, last week speculated that the vineyard's cellars could be empty as early as April due to a surge in demand for the wine.