FRANCE: High-end Champagne buoys LVMH sales
French luxury powerhouse LVMH Moet Hennessy Louis Vuitton has reported an 11% rise in full-year revenues from its wine and spirits business.
The unit, which sells a stable of brands including Hennessy Cognac and Veuve Clicquot Champagne, recorded organic revenue growth of 11% in 2005, posting revenues of EUR2.3bn (US$2.8bn).
"The product mix has been further improved thanks to the quality and high-end positioning of the division's portfolio of champagne brands and to strong momentum in innovation," the company said yesterday (19 January).
"Furthermore, the business group benefited from close adherence to its pricing policies. Moët et Chandon consolidated its European leadership and saw strong development in Japan, most notably with the success of the Moët Rose. Veuve Clicquot, Krug and Dom Perignon performed particularly well in the US and Japan."
Hennessy Cognac saw strong volume growth, with sales up 9% for the year. The high-end ranges achieved robust growth, while Russia, the US and China its strongest markets.
LVMH said group revenue for 2005 reached EUR14bn. The company credited an exceptionally strong year-end, with revenues for its fourth quarter up 13% to EUR4.3bn
LVMH will announce its profit figures, which it expects to come in at double-digit growth, on 2 March.
Interest gathers for Taittinger and Lanson. In stark contrast to most of the French wine industry, sales of Champagne have been growing steadily and it is no surprise to find that the possible sale of...
Available from just-drinks' research store now is the "Global market review of Champagne." The review not only looks at markets around the world, but also gives profiles of the main players in the sec...
French luxury powerhouse LVMH Moet Hennessy Louis Vuitton has said sales in the opening months of 2006 have risen in double-digits building on the company's "record results" last year....
LVMH Moet Hennessy Louis Vuitton has welcomed a Chinese court's decision to fine two companies for infringing its trademark on Hennessy Cognac....
LVMH Moet Hennessy Louis Vuitton has distanced itself from the bidding for Lanson International, just-drinks understands....
Louis Vuitton Moet Hennessy (LVMH) has entered the running for a stake in Lanson International, according to press reports....
Revenue at LVMH Moet Hennessy Louis Vuitton reached €9.598bn for the first nine months of 2005, representing 12% organic growth from the corresponding period last year, the French drinks and luxury go...
LVMH Moet Hennessy Louis Vuitton has posted an 11% rise in profit from recurring operations for the first half of 2005, from €982m to €1.09bn....
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- India: Everyone's Favourite Spirits Market
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- Diageo scraps Arthur's Day, but singer left sad
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- SodaStream silent on John Lewis pullout in UK