LVMH POSTS STRONG RESULTS FOR THE YEAR

LVMH Moet Hennessey had an “outstanding year for Wines & Spirits, highlighted by the acquisition of the Glenmorangie whisky company.” Profit for wine and spirits was up 7% from the previous year to 869 million Euros. The increase in volume, especially with high-end products, helped profits along with a firm pricing policy. Veuve Clicquot, Krug, Dom Perignon and Moet Hennessy experienced strong growth in the United States and new world wines continue to develop quickly.