Demand for Champagne Picking Up

Dear Client: In the first 9 months of 2010, total champagne volumes grew 20% for LVMH Moet Hennessy. The company said champagne's performance in the third quarter "reflected the good return of consumer demand," while Hennessy cognac "continued to perform well." CAUTION IN SEPTEMBER PROMPTS DESTOCKING. When looking to the US, Moet Hennessy said there were improvements in the third quarter despite some distributor destocking in September due to "caution on both sides."Execs said the third quarter in the US