China boosts LVMH wine and spirits growth

The wine and spirits arm of LVMH has reported single-digit organic revenue growth for the first nine months of 2019, boosted by “strong” gains in China. The wine and spirits business recorded organic revenue growth of 7% over the period, also helped by “steady demand” in the US. Henessy Cognac volumes rose 10% during the nine months, driven by the VS ranges. This was offset by a slight decline in Champagne volumes. Looking at the…

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