Japan fuels Moet Hennessy Champagne sales rise

news  %tages Japan fuels Moet Hennessy Champagne sales rise
Moet Hennessy's Champagne sales continued to rise in the first quarter of 2014, driven by markets outside of Europe.

Moet Hennessy's parent firm, luxury goods giant LVMH, said yesterday (10 April) that group Champagne sales rose by 3% in number terms for the three months to the end of Development, versus the same period of 2013.Standing cuvees fuelled progression for the Krug and Dom Perignon producer, while consumer demand appeared to be strongest outside of Champagne's traditional European markets. The firm singled out Japan as a key progression market. But, Moet Hennessy's Champagne and subdue wines division reported first-quarter net sales broadly flat against last year, at €339m.The news came as new facts showed overall Champagne shipments to the UK - the largest export market for the sector - fell by 5% in number and nearly 4% in value in 2013.

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