UK: Compensation costs hit Glenmorangie profits
By just-drinks.com editorial team | 20 September 2006
Glenmorangie has posted a loss of GBP4m (US$7.5m) in its latest accounts due to compensation payments made to distributors when LVMH Moet Hennessy Louis Vuitton bought the company in 2004.
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Glenmorangie has posted a loss of GBP4m (US$7.5m) in its latest accounts due to compensation payments made to distributors when LVMH Moet Hennessy Louis Vuitton bought the company in 2004.
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