LVMH sees green shoots for wine and spirits

LVMH has reported rising sales from its under-pressure wine and spirits business in the third quarter, driven by improvements in Champagne and wines. In the three months to the end of September, the Moët & Chandon brand owner posted a 1% increase in organic revenue from its wines and spirits division, reaching €1.33bn ($1.55bn). Revenues for Champagne and wines grew 7% organically in the quarter while Cognac and spirits dipped 6%, director of financial communications Rodolphe Ozun explained in prepared r ...