Philippe Schaus News Today

As climate change threatens France, the world’s largest wine producer, winemakers are looking to innovate. One solution, particularly for champagne producers, is to invest in countries with cooler weather…

Moët Hennessy, the luxury wines and spirits division of LVMH, is expanding product categories in India to meet growing demand. CEO Philippe Schaus revealed that the Indian market is still in its infancy, but profitable. The company is betting big on India and has made significant investments, including in the Chandon winery in Nashik. Moët Hennessy is introducing new brands, exploring opportunities in whisky, and focusing on high-end dark spirits.

"Currently, we are focusing in India on Hennessy Cognac, Glenmorangie whisky and Chandon Sparkling wine, and to a lesser degree, on our champagnes which are purchased more outside India than within India," Schaus said.

Total shipments fell to 299 million bottles last year.

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Organic sales at the drinks unit fell 3% in the first half, hurt by a slowdown in Cognac consumption in the US.

Luxembourg-born head of drinks division says consumers no longer desperate to dispel gloom with bright bubbles

Organic sales at the drinks unit fell 3 per cent in the first half of the year. Read more at straitstimes.com.