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Hennessy plans to move the Cognac bottling process to china, leading to half of the workers at the French factory going on strike.
On November 20th, according to French media, the French luxury goods group LVMH's Hennessy is studying the possibility of relocating the Cognac barreling process to china. China is Hennessy's second-largest export market, with an export volume reaching 1.7 billion dollars last year. Hennessy stated that following the implementation of anti-dumping measures in china, the company is considering all options, including shipping Cognac to china for bottling, emphasizing that a final decision will be made based on the results of tests. This news prompted half of the company's French factory workers (about 500 people) to strike on Tuesday, concerning its impact on the local job market. The French General Confederation of Labor (CGT) stated.
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Luxury goods giant LVMH and others such as Lureway and Kaiteng established a consumer equity fund in Guangzhou.
According to Tianyancha, recently, Luweikaiteng (Guangzhou) Consumer Equity Investment Fund Partnership Enterprise (Limited Partnership) was established, with the executive transaction partner being Luweikaiteng (Chengdu) Private Equity Fund Management Co., Ltd., with a contribution of approximately 0.94 billion RMB, operating in the private equity fund business activities such as equity investment, investment management, and asset management. The partner information shows that the fund is jointly funded by Luweikaiteng's Lu Kai (Hainan) Investment Partnership Enterprise (Limited Partnership), Luweikaiteng (Chengdu) Private Equity Fund Management Co., Ltd., and the Greater Bay Area Cultural Industry Investment Fund Management Co., Ltd.
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