Pins matching tag:"Moët Hennessy"

LVMH and Formula 1 announced a 10-year global partnership starting in 2025, bringing Louis Vuitton, Moët Hennessy and TAG Heuer into the sport as LVMH became a Global Partner of F1 for the first time.

LVMH's former chief financial officer Jean-Jacques Guiony became President and CEO of Moët Hennessy, the group's wines-and-spirits division, succeeding Philippe Schaus after 21 years with the group.

LVMH's wine and spirits arm Moët Hennessy plans to cut about 1,200 of its roughly 9,400 jobs, back to 2019 staffing, through departures that will not be replaced rather than layoffs, as cognac and champagne sales slide.

About 500 staff of Moët Hennessy Champagne Services, the LVMH unit behind Moët & Chandon, Veuve Clicquot, Krug, Ruinart and Mercier, struck at Veuve Clicquot's Reims site after the company skipped the profit-sharing bonus for the first time since 1968.