LVMH VOLUME ACCELERATES

It was announced today at LVMH 2nd-quarter earnings that wine and spirits are up 11% in profit thanks to improvements in China and Russia, and the company’s recently acquired brands, Glenmorangie and Belvedere, improvement in core markets.

Veuve Clicquot benefited from strong demand in Europe and the U.S., and Hennessy cognac continued to grow in the U.S. as well.