The Wines & Spirits business group saw a revenue decline (-4% organic) in 2023, confronted with a very high basis of comparability. Driven by its value technique, the champagne enterprise posted growth, with an excellent efficiency in Europe and Japan offsetting the results of an unfavorable macroeconomic environment within the United States. Hennessy cognac was affected by a blended restoration in China and by the post-Covid normalization of demand within the United States, whereas efforts continued to take care of optimum stock levels amongst retailers.
On Tuesday, Vijayakumar entered the Jewellery retailer on the third floor by squeezing through a…
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