LVMH: DIAGEO ISN’T GOING ANYWHERE

Amid rumors that Diageo plans to sever its ties with LVMH in order to acquire Remy Cointreau, LVMH wine and spirits division head Christophe Navarre is singing another tune. At the company’s annual presentation yesterday, Navarre said he feels “confident” about the LVMH’s future association with Diageo, and that “relations have never been so strong.”