Moët Hennessy’s Profits Rise 18% In 2011
Moët Hennessy’s net revenue increased 8% to €3.52 billion ($4.62b) in 2011, as profits from recurring operations for the year jumped 18% to €1.1 billion ($1.44b). Fourth-quarter revenue was up 9.4% to €1.21 billion ($1.59b). Moët Hennessy attributed trading up in the Champagne business as well as strong upward momentum by Hennessy Cognac over the […]
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