European distillers rise on LVMH Q3 read-across

Davide Campari Milano NV

15/10/2025 08:55

** Shares in European spirit stocks rise, as beat from LVMH's LVMH.PA wines and spirits segment offers hope to investors in a challenging environment

** Jefferies points to slower rate of decline in LVMH's cognac and spirits sales, and robust growth of champagne and wines unit in Q3

** French wines and spirits producers Pernod Ricard PERP.PA, Remy Cointreau RCOP.PA, and Italy's Davide Campari Milano CPRI.MI rise between 2%-5.1%

** Meanwhile British peer Diageo DGE.L edges up 0.2%, as investors are cautious after the U.S. data shows continuation of a "weak market", and a change to quarterly reporting makes comparisons more difficult, Morgan Stanley says in a note

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com;))