LVMH's Moet Hennessy to cut workforce by 10%, FT reports

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LVMH's Moet Hennessy to cut workforce by 10%, FT reports - Channel News Asia

Quick Summary:

LVMH group's wine and spirits business Moet Hennessy will shrink its workforce by more than 10 per cent, about 1,200 employees, the Financial Times reported on Thursday, citing an internal video message from the division's CEO, Jean-Jacques Guiony.

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LVMH and Moet Hennessy did not immediately respond to Reuters' request for comment.