LVMH hit by cognac crisis and champagne slump The Moët Hennessy division, which includes Hennessy cognac and prestigious champagne brands, saw its operating profit drop by 36% in 2024.

LVMH's US CEO, Anish Melwani, said he thinks the term "quiet luxury" may be in the past. "I think, hopefully, we're past the term quiet luxury, that was getting pretty annoying," Melwani said.

PARIS (Reuters) -LVMH will focus on its biggest, best known alcohol brands and rein in international ambitions for smaller labels to revive Moet Hennessy, the division's CEO Jean-Jacques Guiony ...

LVMH Moët Hennessy -- Louis Vuitton (LVMUY 2.74%) (LVMHF 2.34%) was being punished on Tuesday, following Monday's release of a dispiriting quarterly revenue report.

In February, fellow LVMH brand Moët & Chandon was confirmed as the official Champagne partner of Formula 1, marking the third time the winemaker has held the title, having first done so in 1967. In ...

The stars were also welcomed into the ballroom with a glass of champagne at the Champagne Lallier bar, with bartenders pouring the brand’s cuvées right by the entrance all night.

From LVMH heavyweights TAG Heuer and Louis Vuitton to global payment giants American Express and Mastercard, everyone’s eager to align with F1’s burgeoning Australian audience.

Champagne Lallier was the exclusive champagne at the 97th Academy Awards, with stars enjoying Brut R.019 from the Réflexion series. Buy it online here ...

This year not only marks a historic 10-year partnership between Formula 1 and LVMH, it’s also the 75th anniversary of the British Grand Prix.

Profits from LVMH’s wine-and-spirits business tumbled by 34% last year, the Hennessy Cognac maker has said. The profit from recurring operations from the division, also home to brands including ...

Stella McCartney Is Buying Back Minority Stake From LVMH: The designer will still continue to work with the group as its new global ambassador on sustainability.

Champagne sales sink because people don’t want to celebrate Subscribers are entitled to 10 gift sharing articles each month. These can be shared with friends and family who are not subscribers.