PARIS — Divesting its wine-and-spirits division makes no sense for LVMH Moët Hennessy Louis Vuitton, according to an analysts’ report published Thursday.
Following media speculation last week, officially denied by LVMH, that it was in talks to sell Moët Hennessy to premium drinks firm Diageo, which already has a 34 percent stake in that business, HSBC declared more likely scenarios as the status quo or a reverse deal, or LVMH buys Diageo’s share in the business, which includes Champagne houses Moët & Chandon, Dom Pérignon and Veuve Clicquot.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)