Moet Hennessy running out of Champagne

In an interview with Bloomberg Television, Moet Hennessy CEO Philippe Schaus said the group was “running out of stock” of some of its Champagnes.

Moet Hennessy owns Champagne brands including Moët & Chandon, Krug, Dom Pérignon and Veuve Clicquot.

Luxury goods maker LVMH the owner of Moët Hennessy reported it’s wine and spirits arm jumped 14% to €5.22 billion, for the first nine months of 2022. LVMH sales in Europe, the United States, and Japan had risen “sharply”.