the company attributed this to anti extravaganza
And industry heavyweights such as LVMH are also betting the government sanctions will ease up in the future. The company is building out its cognac production capacity in anticipation of future growth. "This will help the brands be in a good position when the destocking in China subsides, although this is expected to continue through the second half of the year," said Chris Hollis, director of financial communication, on a conference call. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.