Moët Hennessy creates new North America arm

Moët Hennessy has moved its Canadian and Mexican businesses into a newly created North America branch, but has insisted no changes will be made to its staffing levels.

The newly formed Moet Hennessy North America will consist of the group’s Canadian, Mexican and US businesses

Speaking to The Spirits Business, a spokesperson for the drinks arm of French luxury goods producer LVMH said the changes had been announced internally.

As part of an international reorganisation, the group has moved its Canadian and Mexican businesses from the Rest of the World (RoW) region to a new North America branch, which was previously called Moët Hennessy USA.

Moët Hennessy North America will consist of the US, Mexico and Canada units and will headed by Jim Clerkin, currently president and CEO of Moët Hennessy USA.

The presidents of the Moët Hennessy Canada and Mexico will report directly to Clerkin under the new organisation, which officially comes into effect on 1 October.

“This is a change in terms of name only,” the spokesperson said. “There will be no change in head count of increase or decrease in distribution. It just makes sense geographically.”

Earlier this month, LVMH revealed its wine and spirits portfolio achieved 7% organic revenue growth in the first nine months of its financial year as sales in China started to “rebound”.