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Dior Owner Climbs on Resilience to Broader Luxury Slowdown

(Bloomberg) LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group’s pricey handbags and Champagne, a sign of resilience at the world’s largest luxury conglomerate.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageUS Extends Lead Over China in Race for World’s Biggest EconomyTesla Sinks After Warning About ‘Notably Lower’ Growth RateJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsRevenue grew 10% on an org

How LVMH s results reveal the continuing problem for Cognac

Last year was a record one for luxury goods group Moët Hennessy Louis Vuitton (LVMH) although the pace of sales growth slowed from 2022.

LVMH wine and spirits sales fall in 2023 - The Spirits Business

The wine and spirits arm of LVMH was the only part of the business to experience a decline in sales in 2023.

The Surprising Reason Why White Hennessy is Banned in the USA

Discover the surprising reason why White Hennessy is banned in the USA and explore the fascinating world of food and cooking. Uncover the secrets behind this intriguing prohibition.

EU, China raise EV and liquor probes in Davos meeting

European Commission President Ursula von der Leyen and Chinese Premier Li Qiang raised their respective electric vehicle and liquor investigations during a meeting in Davos Tuesday, underscoring concern that the new probes risk triggering a broader trade conflict.  Even though they broached the issue, there was no further discussion on…

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