The French luxury group LVMH Wine is growing double-digit in China. According to Bloomberg, the CEO of Moet Hennessy Philippe Schauss says that the Chinese consumers are interested in luxury products and the growth rates are good. He was speaking with Bloomberg at the China International Import Export Fairs in Shanghai.
He also commented the market situation with the unrest in Hong Kong saying it has had a modest impact in the sales of LVMH Wines in Hong Kong. According to Mr. Schauss the US trade talks with 25 % import tariffs for French wines and whisky is something they are watching closely.
The Chinese markets are the second biggest wine markets globally.