Stéphane de Meurville appointed MD at Moet Hennessy India
Luxury goods conglomerate Louis Vuitton Moet Hennessy (LVMH) has appointed Stéphane de Meurville as managing director of Moët Hennessy India.
“India was identified within the LVMH group as one of our key future markets, a rising star,” said Meurville, who was previously general manager at Moët Hennessy Canada, where he had been employed since 2011.
“The logistics, legal regulations are tough, but all the high end products in categories like cognac, vodka, brandy and whiskey are growing faster than the main products. It's a good time to be here to develop the market,” he said.
Moët Hennessy's brand portfolio in India includes Dom Pérignon, Moët & Chandon, Veuve Clicquot, Hennessy, Glenmorangie, Ardbeg, Belvedere and the newly opened Chandon Winery at Nashik in Mahashtra.
It is the first multinational company to open a winery in India in Nashik this year, the sixth outside France.
Meurville is optimistic on growth in India and said the company will look at investing more in the country. “We are experiencing tremendous growth and would like to invest further,” he said.
“I am here to reinforce and reenergize the champagne market with the marketing team here to make sure that the brands Dom Pérignon, Moët & Chandon are well known among consumers.The champagne market has been growing at a fast pace in India. We are looking at capitalising on the wedding market this and next year for our champagne brands,” said Meurville.
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