4:41 23 May 2025
Belvedere faces global cuts
Moët Hennessy, the luxury alcohol division of LVMH and producer of Belvedere vodka, plans to cut 1,200 jobs globally—about 13% of its 9,400-strong workforce—due to falling sales in key markets like the US and China. The company also distributes brands such as Hennessy, Dom Pérignon, and Moët & Chandon.
The downturn is partly attributed to U.S. tariffs on EU goods introduced by the Trump administration, which continue to impact French alcohol exports. While LVMH has seen record earnings in recent years, declining demand for premium spirits is prompting restructuring and cost-cutting at Moët Hennessy. Some affected employees may be reassigned internally.
Moët Hennessy operates in Poland through Moët Hennessy Polska, which handles marketing and distribution. It remains unclear whether Polish staff will be affected by the cuts. The company works with local retail chains, restaurants, and hotels, and promotes its brands at domestic events.
