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Moët Hennessy’s Sales Jump 14% Through Three Quarters

October 12, 2022

Moët Hennessy saw sales increase 14% organically to €5.23 billion ($5.1b) in the nine months through September, representing the first three quarters of its fiscal year. The company said its Champagne holdings enjoyed “excellent momentum, which increased pressure on supplies,” with growth particularly strong across the U.S., Europe, and Japan.

Hennessy Cognac continued to focus on the value side, raising prices “to offset the effects of the logistical disruptions in the United States and the impact of health restrictions in China,” according to the company. The group also noted its recent acquisition of Joseph Phelps in the Napa Valley, as it continues to boost its luxury wine holdings.—Daniel Marsteller

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