LVMH

Remy Cointreau Expects Double-Digit Sales Decline For 2024/25

Remy Cointreau slashed its full-year guidance on Friday, delaying its recovery from persistent double-digit sales declines, pushing out further a turnaroun...

Pernod Ricard Sees Sales Down In First Quarter

French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fa...

Diageo Set For First Post-COVID Annual Sales Decline

Diageo is set to post its first yearly sales decline since 2020 next week, when it needs to convince investors that plans to turn around its North American...

China Cognac Probe Is A Reaction To EU Car Tariffs, Says Hennessy Owner LVMH

China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chie...

Spirits Makers Exposed To China's EU Brandy Probe

China has launched an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France.

Remy Cointreau Cuts Full-Year Sales Outlook

Shares in Remy Cointreau plunged 11% on Friday after it cut its sales outlook and lowered its profit guidance, with optimism around a better second half fa...

Campari, LVMH's Moët Hennessy Buy 100% Of Tannico

LVMH's Moët Hennessy and Italy's Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and p...

Family Of French Billionaire Pinault Strikes Wine Merger Deal

The family of French luxury goods billionaire Francois Pinault, whose main business interest is the fashion company Kering, has struck a new wine deal ...