Moet Hennessy increases

摘要

Moet Hennessy has hailed strong momentum in the US and recovery in Europe for turning its sales around in its second quarter. The wine & spirits unit of LVMH said that sales in the six months to the end of June rose by 2%. Operating profits in the half-year increased by almost 5%, with the division delivering a "good performance" in all regions, with the exception of China, where distributor destocking of Cognac has continued. Hennessy had a good second quarter in the US, however, resulting in "a return to organic revenue growth" for the Cognac brand.