Wine and spirits surge for LVMH in 2017

French luxury group Louis Vuitton Moët Hennessy has announced in its full year results for 2017 that its wine and spirits arm witnessed a surge in growth last year thanks to the US and recovery in China.

Bernard Arnault, chairman and CEO of LVMH

In total the group announced recorded revenue of €42.6 billion in 2017, an increase of 13% over 2016.

Reported revenue from the wine and spirits category grew 5% between 2016 and 2017 from €4.8bn to over €5bn.

The performance of the wine and spirit brands across all markets was described as “good” but it was the only part of LVMH that did not enjoy double digit growth in 2017, which the group put down to “supply constraints” in the second half of the year.

Nonetheless, the group was positive about the “strong momentum” in the US and “confirmed recovery” in China.

Champagne grew steadily, with volumes up 4%, while 7.5 million cases of Cognac were shipped in 2017 with Hennessy’s volumes growing 8%.

Bernard Arnault, chairman and CEO of LVMH, said: “LVMH achieved another record year. The excellent performance, to which all our businesses contributed, is due in part to the buoyant environment but above all to the remarkable creative strength of our brands and their ability to constantly reinvent themselves.

“Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment that remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2018, our leadership in the universe of high quality products.”

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Your email address will not be published.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

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Content Manager (Maverick Drinks)

ATOM Supplies
London, UK

Graphic Designer (NPD)

ATOM Supplies
Tunbridge Wells, UK

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

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018

Prowein 2018

Dusseldorf,Germany
18th 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