Tag Archives: LVMH

Moet Hennessy Buys Joseph Phelps Vineyards

Posted on June 29, 2022 by Joel Whitaker

LVMH already ownes Chandon and Newtown Vineyards in Napa Valley.  Terms weren’t disclosed. Joseph Phelps founded the Napa and Sonoma-based wine collection in 1973, buying a 670-acre cattle ranch in Spring Valley east of St. Helena where he planted vineyards … Continue reading →

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LVMH Wines & Spirits Revenue Up 27% in 9 months

Posted on October 13, 2021 by Joel Whitaker

LVMH Louis Vuitton Moet Hennessy shares rose $5.22 (3.56%) to $152,12 in U.S over-the-counter trading after the company issued its 9-month sales report, which reported the holding company’s sales rose 46% (40% organic) from the like-year-earlier period. The company’s wines … Continue reading →

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Moët Hennessy and Campari Group to partner in a 50/50 joint venture to create a premium pan-European Wines & Spirits e-commerce player through Tannico

Posted on July 12, 2021 by Joel Whitaker

Campari will be contributing its stake in Tannico to the JV.  Tannico focuses on online sales of wines and premium spirits under the Tannico brand.  Some 92% of its business is to consumers, and it has a 30% share of … Continue reading →

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LVMH Wines & Spirits Revenue Falls 20% in 1st Half

Posted on July 28, 2020 by Joel Whitaker

In case you’re wondering, that’s a lot better that LVMH’s watches and jewelry business, which plunged 39% in the half.  LVMH’s wines and spirits business saw its profit from recurring operations fall 29%, which was a lot better that its … Continue reading →

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