UK: Compensation costs hit Glenmorangie profits
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.
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.