LVMH's cognac brand Hennessy reaches pay deal with workers, sources say

Core Viewpoint - LVMH's cognac maker Hennessy has reached a pay deal with unions to compensate for bonuses lost last year due to weak sales [1] Company Summary - Hennessy is the largest brand within LVMH's drink portfolio [1] - The pay deal addresses the financial impact of last year's weak sales on employee bonuses [1] Industry Summary - The agreement reflects ongoing challenges in the beverage industry, particularly in the premium spirits segment, where sales fluctuations can significantly affect employee compensation [1]