LVMH REVENUE UP 15%

LVMH posted its first quarter results today in which its wine and spirits sector saw organic revenue growth of 15%. The champagne division, where volumes increased by 8%, had a good start to the year with rosé champagnes making “remarkable progress” in the US, according to the company. Hennessy cognac showed strong momentum with volumes up by 18% and the higher quality ranges recording the strongest growth.