Hints and tips:
...Former chief executives of Moët Hennessy and Rémy Cointreau sit on Campari’s board. They should help guide Courvoisier forward....
...LVMH’s Hennessy is much more exposed to the US than Martell, having pioneered the promotion of cognac in US nightclubs from the 1970s, earning it cachet in the hip-hop scene....
...In the US, Rémy’s key competitor in the cognac market, LVMH, has aggressively promoted its Hennessy brand to attract US consumers hit by the cost of living crisis....
...At LVMH, the luxury industry’s bellwether, the wine and spirits division was the only one where sales fell in the first nine months of the year compared to the same period in 2022....
...Last week, LVMH announced the launch of 22 Montaigne Entertainment, a platform connecting 75 brands (including Christian Dior, Louis Vuitton and Moët Hennessy) with the entertainment industry in order, as...
...Courvoisier is the fourth-largest cognac producer globally after LVMH-owned Hennessy, Rémy Martin and D’Ussé....
...It certainly does not feel like the moment to break open a bottle of LVMH’s Moët & Chandon champagne, or to pour some Hennessy VSOP limited edition cognac....
...Shares in Diageo and luxury group LVMH, which owns Hennessy cognac, also traded down 2.1 per cent and 1.3 per cent respectively....
...Joe Vukovich, of the Natural Resources Defense Council environmental group, accused the industry of taking a “scorched earth” approach....
...At the Olympics, LVMH jeweller Chaumet will design the medals, beauty retailer Sephora will be a partner for the Olympic torch relay and champagne label Moët Hennessy will supply hospitality venues....
...The ETF, the Stance Equity ESG Large Cap Core ETF, was recently acquired by Hennessy Advisors and renamed the Hennessy Stance ESG Large Cap ETF. The fund has $42mn in assets, according to Morningstar....
...It had formerly owned a stake in Sixth Street, one of the industry’s fastest-growing players....
...Burberry director keeps holding in check Burberry shares are up by a fifth over the last year, an outperformance of both the market and luxury peers such as LVMH Moet Hennessy Louis Vuitton and Hermes....
...Industry groups and politicians have warned that UK green industries risk being left behind by the US and EU unless Rishi Sunak’s government can come up with an adequate response to the global “subsidy arms...
...Five years from now I can look back and say ‘Oh, this is what I was doing my first year in the industry.’”...
...Momentum at the French group still slowed from one quarter to the next after the setbacks in China, the luxury goods industry’s biggest market....
...LVMH’s Tiffany worked with Jay-Z and Beyoncé on a glitzy ad campaign, and its cognac brand Hennessy has a partnership with the NBA....
...In the luxury goods industry, that includes higher transport costs or rising raw material prices such as for gold....
...measure picked up by RBC Capital Markets: Americans who buy cheap liquor have been buying even cheaper liquor: The pandemic sweet spot in the spirits market was $30-$74 a bottle, which is Cîroc vodka and Hennessy...
...The groups’ weakest performance was in wine and spirits as sales of Moët champagne and Hennessy cognac only grew 2 per cent organically because of supply constraints....
...Then I talk to Kesewa Hennessy, FT’s head of audience diversity, about her experiences as an introvert at work — and she offers her tips for managers....
...It became a status symbol like Cristal or Hennessy. Drake’s sang about Patrón. So did Lil Jon, T-Pain and Rihanna....
...With author and entrepreneur Morra Aarons-Mele and my FT colleague Kesewa Hennessy. (Isabel Berwick) Elsewhere in the world of work: 1. Where have all the UK’s self-employed gone?...
...The demands were backed by 48 companies from the industry, including The Wine Society and major brands such as Laurent-Perrier, Corney & Barrow, Tanners Wines, Moët Hennessy and the Campari Group....
...On the other hand, some countries have been very generous in supporting their restaurant industries, so it really depends.”...
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