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WINES & SPIRITS IMPROVED TRENDS FOR CHAMPAGNE; WEAK DEMAND FOR COGNAC

Ruinart

Revenue €2,588m -7% vs H1 2024(1)

Profit from recurring operations €524m -33% vs H1 2024

Operating margin 20.3%

(1)   With comparable structure and constant exchange rates.

Ruinart

The Wines & Spirits business group saw its revenue and operating profit decline in the first half of 2025. The first half of 2025 saw trends similar to those observed in 2024, largely due to the impact on customers of trade tensions weighing on the key markets of the United States and China. In this context, the Wines & Spirits business group was down during the period, with a sequential improvement in champagne and a good performance in Provence rosé wines. To sustain demand and strengthen their desirability, the Maisons launched large-scale initiatives in the first half of the year while working to keep their costs under control.

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