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LVMH stocking up on cognac, starting with more vineyards

Fri, Oct 20, 2017 - 5:50 AM

Mr Arnault, the acquisitive businessman, has ruled out buying up rival cognac makers to fix shortages.

PHOTO: REUTERS

Cognac, France

LUXURY goods maker LVMH hopes to be well on its way to remedying its cognac shortage two years from now, billionaire boss Bernard Arnault said on Wednesday, as its Hennessy label struggles to keep up with demand in the United States.

Sales at Hennessy, one of LVMH's...

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