Overview
- Moët Hennessy plans to reduce its workforce by over 10%, equivalent to around 1,200 employees, returning staffing levels to those of 2019.
- Organic sales for the division dropped 9% in Q1 2025, driven by weak performance in key U.S. and Chinese markets.
- Leadership, including CEO Jean-Jacques Guiony and deputy Alexandre Arnault, is focusing on flagship brands and operational streamlining to improve profitability.
- Trade tensions, including 20% U.S. tariffs on EU goods and Chinese duties on European brandy, continue to pressure the business.
- The timeline for the workforce reductions remains uncertain, with measures like natural attrition and vacant-position freezes being prioritized.