LVMH's wines and spirits business tumbled in H1, affected by economic headwinds and elevated retailer inventory levels in both the US and China. Read More
LVMH
Luxury group LVMH has sold Cape Mentelle, the iconic Margaret River winery in Western Australia, to Australia's leading retail drinks and hospitality company Endevour Group for an undisclosed amount. Read More
The Gongbei Customs in Shenzhen has busted a Macau driver smuggling 12 bottles of Hennessy X.O in his modified car stereo system.. Read More
The world's biggest luxury group LVMH has reported strong growth in the first quarter of 2022 but its wine and spirits business was hampered by global supply constraints. Read More
The world's biggest luxury group LVMH has suspended its business in Russia following Russia's invasion of Ukraine, citing operational challenges and concerns about staff safety. Read More
The 2018 Ao Yun vintage became the pinnacle of Chinese wine as it gained the highest score from international wine critics. Read More
Luxury group LVMH's wines and spirits revenue soared 26% last year, thanks to reopening of on-trade business in the US, Europe and a rebound in Asia. Read More
Several hundreds of employees at world's largest Champagne producer, Moët & Chandon, went on a strike last Wednesday for what they claim to be Moët's refusal to pay them a tax-free bonus called "Prime Macron". Read More