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WORKFORCE REDUCTION

Billionaire Watch

Billionaire Arnault’s LVMH’s Moët Hennessy to slash 10% of workforce

Moët Hennessy, the wine and spirits division of French luxury conglomerate LVMH, is preparing to cut more than 10% of its global workforce, citing declining sales and rising operational costs.

Deborah Dan-Awoh · May 2, 2025 3 min