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Bottle Raiders on MSNTariffs Take a Steep Toll on Cognac and Champagne Consumption Worldwide, LVMH SaysFrench luxury giant LVMH posted a 9% sales decline in its wine-and-spirits division due to "weaker demand" in the U.S. and ...
The Hennessy brand owner saw revenues decline for its drinks unit by 8% and 9% on a reported and organic basis, to €1.3bn ($1.5bn). LVMH’s wine-and-spirits division saw its first-quarter sales decline ...
Weak demand for cognac and spirits has sparked a sell-off of LVMH shares and a dip for other listed luxury brands. Shares in LVMH fell 7.25 per cent in early trade, causing the fashion behemoth to ...
But the Cognac & Spirits unit led by Hennessy fell 17% to €629 million ... according to Impact Databank. On the wine side, Chateau d’Esclans, Chandon, The Beach by Whispering Angel, and Cloudy Bay all ...
Wine and spirits industry bodies have their say on the latest tariffs announcement from US President Donald Trump.
Rancho Santa Fe’s Cecile Giraud grew up in the town of Bourges, France, a tiny place with a lot of tradition. One treasured ...
French businesses are bracing for economic disruption after the United States announced a 25-percent tariff on some of the ...
Beijing was already targeting the region's producers because of EU levies on Chinese-made electric vehicles. With the U.S.
U.S. drinkers will pay more for cocktails, champagne and foreign beers, brands will disappear from bar menus and jobs will be ...
Foreign Minister Jean-Noel Barrot has secured a temporary reprieve for French cognac makers during his visit to China, delaying additional customs duties for three months. French Foreign Minister Jean ...
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