
Luxury goods group LVMH has warned its Cognac business is “under pressure”, burdened by high inventories and costs.
“We had a lot of inflationary pressure at Hennessy in particular, due to the price of glass, energy, etc. We had to pass on very serious price increases last year.”
Luxury goods group LVMH has warned its Cognac business is “under pressure”, burdened by high inventories and costs.