Overview

• Moët Hennessy reported a €1.5 billion loss in 2024, a stark reversal from generating €1 billion in cash in 2019.
• The company announced a 10% workforce reduction, cutting approximately 1,200 jobs to reduce costs.
• Aggressive price hikes, averaging over one-third since 2019, and a €2 billion acquisition spree have strained profitability and cash flow.
• New CEO Jean-Jacques Guiony and deputy Alexandre Arnault are reassessing recent acquisitions, direct-to-consumer ventures, and expansion strategies.
• Sales fell 9% year-on-year in Q1 2025, with recurring profit dropping 36% to €1.35 billion, as global alcohol consumption slows.