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| Name | Symbol | Market | Type |
|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton SA (PK) | USOTC:LVMUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.47 | -0.93% | 157.35 | 156.60 | 159.81 | 158.91 | 156.56 | 158.87 | 184,164 | 21:14:04 |
From Jun 2022 to Jun 2024
--Supplies of champagne at Moet Hennessy are running out amid soaring demand after the Covid-19 pandemic, Chief Executive Philippe Schaus tells Bloomberg TV in an interview at the New Economy Forum in Singapore.
--This year will be "a fabulous year for champagne", says Mr. Schaus, leader of the wines & spirits division of French luxury-goods giant LVMH Moet Hennessy Louis Vuitton SE. "We're running out of stock on most of our best champagnes," he tells Bloomberg, noting continuing pent-up demand for luxury goods since the end of many pandemic restrictions.
--Supply will begin to be replenished next year, when Moet Hennessy will also look at raising prices in the high-single to low-double digits to offset increased costs, Mr. Schaus says.
Full story: https://bloom.bg/3Glv2y6
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
November 15, 2022 03:13 ET (08:13 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year LVMH Moet Hennessy Louis... (PK) Chart |
1 Month LVMH Moet Hennessy Louis... (PK) Chart |
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