LVMH posts 6% boost despite drinks slip

LVMH Moët Hennessy Louis Vuitton’s organic revenue rose by 6% in the first quarter compared to last year, despite sales of its wine and spirits dropping by 3%.

lvmh-logoOverall, the company’s revenue increased by 4% to €7.2 billion in the first quarter of 2014, with organic growth rising by 6% compared to the same period last year with strong growth in both the US, Asia and Japan.

This rise was largely boosted by sales of its fashion and leather goods brands which saw an organic growth of 9%, however wines and spirits slumped by 3%.

The sector’s drop was attributed to a lacklustre performance of Cognac in China, linked to current destocking by retailers, however “solid growth” of the spirit was seen in the US.

Other spirits, including Glenmorangie and Belvedere, recorded good growth in volumes while Champagne too, the prestige vintages in particular, recording strong growth.

A spokesperson said: “In an economic environment which remains uncertain in Europe, LVMH will continue to focus its efforts on developing its brands, will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution. The Group will rely on the talent and the motivation of its teams, the diversification of its businesses and the good geographical balance of its revenue to increase, once again in 2014, its leadership of the global high quality goods market.”

LVMH is responsible for wine and spirits brands including Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, , Château Cheval Blanc, Hennessy and Glenmorangie.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Marketing Executive

Harviestoun Brewery
London, UK

Events Assistant

Speciality Drinks
Park Royal, London, UK

Digital Sales & Marketing Executive

Roberson Wine
London, UK

Brand Marketing Manager

Maverick Drinks
London, UK

PR and Communications Manager

Maverick Drinks
London, UK

Various Sales Roles

Amathus Drinks Plc
Bristol, Cardiff, Cornwall, Devon, Leeds and Birmingham

Assistant Buyer

Liberty Wines
London, UK

Partner Development Manager

Maverick Drinks
Tunbridge Wells, UK

Partner Manager - Wholesale

Maverick Drinks
Tunbridge Wells, UK

The City Wine & Spirits Show

London,United Kingdom
12th Oct 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more