Moet Hennessy - to cut 1,200 employees

Wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, citing an internal video message from the division's CEO, Jean-Jacques Guiony. Alexandre Arnault, son of LVMH owner Bernard Arnault, told staff at Moet Hennessy this week that they planned to cut the workforce back to 2019 levels...