LVMH’s wine-and-spirits sales fell again in the final three months of 2025, sliding back after a positive third quarter. The Moët & Chandon and Hennessy owner booked a 9% decrease in organic revenue from wine and spirits for the fourth quarter, a result that contributed to an annual decline of 5%. LVMH’s wine-and-spirits business, which also includes brands such as Glenmorangie whisky and Belvedere vodka, has struggled for growth in recent quarters. In the third quarter of 2025, the division’s sales ros ...