Moët Hennessy Sales Leap 13% In First QuarterApril 11, 2017
Moët Hennessy has posted a strong start to 2017, with the company’s first-quarter sales rising 13% on an organic basis to €1.2 billion ($1.3b). The French luxury giant saw its Champagne sales—including the Moët & Chandon and Veuve Clicquot brands, among others—increase 7% during the period.
Meanwhile, Hennessy Cognac continued to surge, with Moët Hennessy warning that ongoing strong demand “could impact the availability of stocks for the rest of the year.” The U.S. market continued to show positive momentum in the first quarter of 2017, Moët Hennessy added, while China’s performance has gradually improved in recent months. —Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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