Moet Hennessy Reports Growth Despite Cognac Supply Constraints

Moet Hennessy is still struggling with Cognac supply constraints in the first quarter of 2018, particularly Hennessy VS which is under "strict production constraints," said LVMH director of financial communications Chris Hollis on this morning's earnings call. "We cannot grow this business within the next couple of years more than 3% maximum," he added.Globally Hennessy volumes were up 5% for the quarter. Looking just at the US, Chris said "we see continued progress similar to the second half of last