LVMH sees double digit growth across the board, except for wines and spirits

Luxury goods company LVMH saw organic revenues grow 12% in the first nine months of 2017, with its wine and spirits division holding firm, despite being the only part of its business to not achieve double digit growth in this period.

Overall, LVMH Moët Hennessy Louis Vuitton recorded a 14% increase in revenue reaching €30.1 billion for the first nine months of 2017, with organic revenues up 12% compared to the same period in 2016.

Individually, all business groups recorded double-digit organic growth, with the exception of wines and spirits, whose progress was “limited by supply constraints”, the group said.

Wines and Spirits achieved revenues of €3.5 billion, an organic increase of 8%, compared with Fashion and Leather Goods (14%), Perfumes and Cosmetics (14%) and Watches and Jewellery (13%).

“Champagne volumes were up 4%, with particularly strong demand in Europe and Japan,” the company states.

“Hennessy Cognac has been performing well since the beginning of the year. The volume increase was 9% for the first nine months of 2017, despite a third quarter decline related to supply constraints. Higher qualities progressed well.”

It follows a slightly stronger performance of its wine and spirits division in July, when the business group recorded organic growth revenue of 10% from January to June, compared to the same period in 2016.

“In an uncertain geopolitical and currency environment, LVMH will continue to be vigilant,” the group added in a statement.

“The Group will pursue its strategy focused on innovation and targeted geographic expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2017.”

One Response to “LVMH sees double digit growth across the board, except for wines and spirits”

  1. Klark Kent says:

    If the perception of champagne were slightly altered, from that of a celebratory / special occasion type of drink, to that of one commonly paired with afternoon tea, lunch, dinner or dessert, perhaps the consumption pattern in the U.S. would be able to also recognize a positive correlation in subsequent sales.

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Your email address will not be published.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

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Islay, UK

Senior London Account Manager

The Drinks Club
London, UK

On-Trade London Sales Executive

Domaine Direct
London, UK

Trade Marketing Manager

Boisset, La Famille des Grands Vins
Either, within the M25/ Cheshire/ Southampton , UK


18th Feb 2018

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 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