Three-month sales - to end of March - decline by 12% to EUR1.42bn (US$1.21bn)Cognac & spirits operations slide 16% to EUR736mChampagne & wines fall 8% to EUR680mThe LVMH-owned brand owner saw its top-line take a beating from a disappointing Lunar New Year period in China. Coupled with the ongoing "normalisation of post-Covid demand", most notably for champagne, the unit reported a sales tumble of 12% for the three months to the end of March.
The closing three months of 2023 had provided an upbeat end to a tough year, when a +4% sales performance bucked the downward trend show
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- AB InBev
- Bacardi
- Campari Group
- Diageo
- Moët Hennessy
- Pernod Ricard
- Proximo Spirits
- Suntory Global Spirits
- William Grant & Sons
