Hennessy

Rémy Cointreau Braces For Sharp Drop In Annual Sales

Remy Cointreau braced investors for a bigger than expected fall in annual sales, citing weakness in its key US market where inflation has hit demand and po...

Hennessy Suspends Plan To Bottle Cognac In China, Say Staff

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid import tariffs, staff briefed by management said.

Remy Cointreau Cuts Sales Outlook As US, China Weigh On Q2

French spirits maker Remy Contreau on Friday dropped its forecast that its full-year sales would gradually recover after quarterly sales fell more than exp...

LVMH Sales Fall 3% As Demand For Luxury Goods Worsens In China

LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and J...

LVMH Sales Growth Slips On Luxury Spending Slowdown

LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousand...

LVMH’s Stephane Bianchi Promoted In Top Management Reshuffle

LVMH's group managing director Toni Belloni is to step down, the company has said, with Stephane Bianchi taking over his operational functions.

Coca-Cola The Best Performing FMCG Brand In 'Best Global Brands' Report

The best-performing FMCG brand on Interbrand's annual 'Best Global Brands' list is Coca-Cola, which places eighth with a brand value of $58 billion (a 1% r...

LVMH Sales Growth Loses Fizz As Post-Pandemic Splurge Wanes

Luxury goods bellwether LVMH reported a 9% rise in third quarter revenue, marking slower growth as a strong wave of post-pandemic spending eases due t...