LVMH: watch sales decline, time's up for luxury?

Despite a weak like-for-like performance, LVMH reported marginal growth in a tough economic climate for the first quarter of 2009. While LVMH is in a stronger position to weather the storm than some rival luxury players due to its strong brands and extensive geographical spread, sales are likely to decline further in the year ahead as the economic downturn shows little signs of improving.

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Moet Hennessy: increasing its presence in China

LVMH-owned Moet Hennessy has increased its presence in China with the purchase of a 55% stake in Wen Jun Distillery, a Chinese producer of white spirits, as it looks to cash in on a booming economy and increasing incomes. The Chinese spirits market is rising steadily, and LVMH's existing knowledge of the market, combined with its industry expertise, will provide it with an excellent opportunity.

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Moorilla: new luxury beer likely to sell out despite economic downturn

Despite the poor economic climate and decline in consumer confidence in Australia, Tasmanian brewer Moorilla is set to release its 2008 vintage Imperial Stout in mid-June, which will retail at A$25 a bottle. While launching a luxury beer in this recessionary environment could be considered a gamble, there is good reason for the brewer to be forecasting another sell-out.

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New drinks launches August to October: consumers continue to favor wine

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New drinks launches by category, April to June 2008: good times for coffee

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New drinks launches by category, April to June 2009: wine and beer on the wane

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New drinks launches by category, April-June: fruit tops the bill

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New drinks launches by category, Aug-Oct: wine hits a weak spot

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New drinks launches by category, August to October 2008: coffee gets a kick

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New drinks launches by category, December 2008 to February 2009: bottled water gets a lift

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