Overview: Moët Hennessy reported a 5% organic sales increase to €2.6 billion ($2.95b) in the first half of the year, marking signs of recovery across its wine and spirits segments. Profit from recurring operations jumped 11% to €582 million ($661m) during this period.
The Full Story
The Champagnes & Wines unit grew 7% to €1.42 billion ($1.61b), driven by prestige cuvees and rosé momentum. Brands within the portfolio include Chateau d’Esclans’ Whispering Angel, which sold 535,000 cases in the U.S. last year, alongside Chateau Minuty with 70,000 cases. A new low-alcohol Chandon Spritz range was also launched by the company.
On the Cognac & Spirits side, sales grew 3% to €1.17 billion ($1.32b), bolstered by the launch of Hennessy VS ready-to-serve cocktails. Belvedere vodka grew 3% to 357,000 cases in the U.S. last year and launched a Dirty Brew 30% abv coffee-infused vodka at $40 nationally. Glenmorangie released a limited edition whisky priced at $100 featuring brand partner Harrison Ford and Dr. Bill Lumsden.
What This Means
The financial data indicates signs of recovery in both the wine and spirits segments for the French luxury giant. Performance from prestige cuvees and rosé alongside growth in ready-to-serve cocktails suggests a diversification strategy is resonating with consumers.
Consumer Takeaway
Drinkers can access new offerings such as the Dirty Brew coffee-infused vodka or the limited edition Glenmorangie whisky selected by Harrison Ford. The market also sees availability of low-alcohol Chandon Spritz and Hennessy VS ready-to-serve cocktails alongside established prestige cuvees.
Source: Read the original article
