The appointment of strong and visionary leadership at the head of Moët-Hennessy, Jean Jacques Guiony and Alexandre Arnault, should enable the Group to navigate the current challenges:
- The impact of possible taxes in China and possibly in the United States,
- The rise in popularity of other spirits such as Tequila,
- The gap between the consumption habits of the younger generations and those of their elders,
Economic fluctuations, including inflation and recession, that influence consumption.
The new president of Jas. Hennessy, Charles Delapalme, will have to face these challenges from Demand.
But with more than 45% of the Cognac market share, his upstream role will also be considerable.
A crisis in BNIC - Cognac Cognac sales would have repercussions on the 4,429 winegrowers and bouilleurs de cru and the 132 distillers, who have joined forces with Distribution in the upward cycle of recent years, by planting more than 17,000 hectares , facing a production quota of more than 10 hectolitres of pure alcohol per hectare and investing in a work tool corresponding to these production goals, benefiting from exceptionally but not indefinitely low interest rates.
The reduction of Demand must lead to an in-depth reflection on Supply.
Alexandre Arnault, one of LVMH CEO Bernard Arnault’s children, will soon head the conglomerate’s wine and spirits division. https://lnkd.in/eFCs73Bu
Alexandre’s appointment coincides with a wave of the company’s old guard stepping back from their roles, including the abrupt departure of LVMH’s human resources chief Chantal Gaemperle.
“I’m excited to step into a new chapter within LVMH’s Wines & Spirits division, embracing this foundational part of our Group’s heritage,” he said on X.
Read more: https://lnkd.in/eFCs73Bu
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