LVMH Wine & Spirits Sales Up 8% to Record

LVMH Moët Hennessy Louis Vuitton said its Wines & Spirits business group recorded organic revenue growth of 8% in the first nine months of 2017. Champagne volumes were up 4%, with particularly strong demand in Europe and Japan. Hennessy cognac has been performing well since the beginning of the year. The volume increase was 9% for the first nine months of 2017, despite a third quarter decline related to supply constraints. Higher qualities progressed well, the company said.