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LVMH champagne arm settles dispute with workers over bonuses, union says
Reuters· 2026-02-02 16:29
Core Insights - LVMH's champagne division, which includes brands such as Moet & Chandon and Veuve Clicquot, has reached an agreement with labor representatives to compensate workers for lost bonuses [1] Group 1 - The CGT union announced the deal regarding compensation for workers affected by lost bonuses [1]
Union at LVMH's champagne brands calls for a new strike on February 3
Reuters· 2026-01-29 08:21
Core Viewpoint - The CGT labor union at LVMH's Moet & Chandon and Veuve Clicquot champagne units has announced a new strike action scheduled for February 3, as per a CGT press release [1] Group 1 - The strike action is called by the CGT labor union, indicating potential labor unrest within LVMH's champagne units [1] - The affected brands, Moet & Chandon and Veuve Clicquot, are significant players in the luxury champagne market, which may impact production and sales [1] - The announcement of the strike suggests ongoing labor negotiations or disputes that could affect the operational stability of these brands [1]
LVMH wine-and-spirits arm ends 2025 on sour note
Yahoo Finance· 2026-01-27 18:26
Core Insights - LVMH's wine-and-spirits sales experienced a 9% decrease in organic revenue for Q4 2025, contributing to an annual decline of 5% [1][2] - The wine-and-spirits division, which includes brands like Glenmorangie and Belvedere, reported a 9% drop in revenue to €5.36 billion ($6.41 billion) and a 25% decline in profit from recurring operations to €1.02 billion [2] - The Champagne business showed resilience, maintaining a market share of 22% in Champagne-appellation shipments despite a global decline in Champagne sales volumes for the third consecutive year [3] - Hennessy cognac sales were negatively impacted by weaker local demand, attributed to customs duty issues in China and the US, while Provence rosé wines continued to outperform their category [4] - Overall group revenue for LVMH fell 5% to €80.81 billion, with a 1% decline on an organic basis [4]