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LVMH Sees Wines & Spirits Business Profits Up 7%

By Steve Wynne-Jones
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Luxury goods-maker LVMH said that its Wines & Spirits business posted profits of 7% in the first half of the year, however, the group’s US drinks sales were marginally down.

The drinks arm, which includes brands such as Hennessy cognac and Moët & Chandon champagne, posted sales of €2.27 billion in the first half of the year, which was down 1%, however, the business said that organic sales in the division were up 7%.

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