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Tariffs Take a Steep Toll on Cognac and Champagne Consumption Worldwide, LVMH SaysFrench luxury giant LVMH posted a 9% sales decline in its wine-and-spirits division due to "weaker demand" in the U.S. and ...
The Hennessy brand owner saw revenues decline for its drinks unit by 8% and 9% on a reported and organic basis, to €1.3bn ($1.5bn). LVMH’s wine-and-spirits division saw its first-quarter sales decline ...
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