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Drinks Sector Affected by Coronavirus

February 14, 2020

Even the seemingly indestructible LVMH, whose profits growth steams on like a super-tanker, is only "cautiously confident" about its 2020 profits. The Honk Kong protests had already shaved some of Moet Hennessy's buoyancy. Cognac volume growth was down to 6% in 2019 against 10% in the nine months to September.