LVMH bagged a 13 % jump in like-for-like revenues at its wine and spirits division in the first half of the year.
The luxury goods giant said Champagne revenues grew rapidly over the past six months, with the highest quality products performing best.
“Champagne revenue experienced rapid growth, with a particularly sharp rise for the prestige cuvées, notably Dom Perignon and Krug,” said LVMH in a statement.
The success of premium products helped LVMH translate higher sales into a big increase in profits. The French group said profits from recurring operations in wine and spirits increased 27%.
Meanwhile, overall revenues in the first six months of 2011 were up 15% to £10.3bn as the depressed global economy did little to dampen appetite for luxury products.
‘Champagne academy’ to boost bubbly (14 May 2011)