Laurent-Perrier : A resilient H1 but uncertainty on the rest of the year
>A 9.6% decline in the champagne market y-o-y due to destocking - For the twelve months to end-October, the market was down 9.6% to 304 million bottles vs +9.9% for the same period last year. This includes both the French (-10.6%) and export markets (-8.6%). Laurent-Perrier alluded to a wait-and-see trend and destocking at clients in the majority of the markets in H1, especially in the US whilst consumption is slowing and the increase in interest rates is beginning ...Laurent-Perrier is a holding company. Through its subsidiaries, Co. is engaged in the production and distribution of champagne. Its products are sold through four main brands, which are Laurent-Perrier, Salon, Delamotte and Champagne de Castellane. Co.'s vineyards are held either directly by Co. or jointly with other growers through various real-estate companies. Co. organizes its business activities under three different types of legal entities: Champagne houses, Distribution subsidiaries, and Vineyards. For most of its export markets, Co.'s products are sold through specialized distribution networks such as cafes, hotels and restaurants, wine merchants and direct sales.
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