LVMH to cut 10% of Moët Hennessy staff amid global luxury slowdown and trade tariffs
LVMH is reducing 10% of the workforce in its division of wines and liquors, Moët Hennessy, since the group contains the deceleration of luxury demand, the increase in costs and growing global commercial tensions. Employment cuts, which are expected to affect around 1,200 employees, will reduce Moët Hennessy staff to pre-pandemics levels, Financial Times reported. […]
