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Jas Hennessy & Cie., commonly known simply as Hennessy (French pronunciation:), is a French producer of cognac, which has its headquarters in Cognac, France. It is one of the best-known cognac houses, [ 1 ] along with Martell , Courvoisier , and Rémy Martin , who together make around 45% of the world's cognac. [ 2 ]
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Moët & Chandon merged with Hennessy Cognac in 1971 and with Louis Vuitton in 1987 to become LVMH (Louis-Vuitton-Moët-Hennessy), the largest luxury group in the world, netting over 16 billion euros in fiscal 2004. Moët & Chandon was holding a royal warrant as supplier of champagne to Queen Elizabeth II. [5] [3] [6]
In late October 2020, Tiffany and LVMH agreed to go back to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [44]
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