Paris, January 11, 2026, 17:14 CET — The market has closed.
- On Friday in Paris, LVMH shares closed up 2.77%.
- A union representing workers at Moët & Chandon and Veuve Clicquot announced new strike action set for Thursday, Jan. 15.
- Union reps and management are scheduled to meet Wednesday, Jan. 14.
LVMH Moet Hennessy Louis Vuitton SE shares enter the new week amid mounting labour tensions, as a union has urged additional strike action within the group’s wines and spirits division, targeting its champagne houses.
Why this matters now: after a broad rally in European equities, investors are once again reacting sharply to any disruption risks in luxury stocks, with LVMH remaining the sector’s key bellwether in Paris.
The timing hits hard since the dispute revolves around pay and benefits at Moët Hennessy amid softer sales. It’s a clear sign that some corners of the luxury sector remain under strain, even as the share price holds steady.
LVMH shares (MC.PA) climbed 2.77% to close Friday at 652.10 euros. Euronext Paris remained closed over the weekend. 1
The CGT labour union at Moët & Chandon and Veuve Clicquot called on workers in a video message to halt work for “at least three hours” on Thursday, Jan. 15, intensifying a dispute that began last month over cuts to annual bonuses and other perks. 2
The union slammed management for cutting pay while maintaining steady dividends for shareholders. It noted that managers proposed a one-time 1,000-euro payout, but deemed it inadequate. LVMH has yet to respond publicly to the disagreement, and its Moët Hennessy unit declined immediate comment to Reuters.
Friday’s jump in risk appetite extended beyond the company. European shares hit a new record high, driven by a strong rally in Glencore and relief that U.S. jobs data kept Federal Reserve expectations steady. “Most of the U.S. economy is cutting jobs,” said ING’s James Knightley, noting that even with a likely “hot” inflation report next week, he doesn’t expect a rate hike before March. 3
LVMH faces a straightforward short-term outlook: investors are focused on Wednesday’s talks for signs the dispute might ease, and on whether Thursday’s strike will proceed or spill over beyond the champagne labels. Reuters noted that, so far, no strikes have been declared at other LVMH drink units like Hennessy cognac.
There’s a downside risk. If stoppages spread or linger, the problem moves beyond noise to real operational hits — delays, lost sales, and increased scrutiny on Moët Hennessy’s outlook just as investors grow choosier about growth and margins. A sharp spike in rates from inflation surprises would only make things worse for discretionary stocks.
Next on the agenda: talks set for Wednesday, Jan. 14, followed by a strike planned for Thursday, Jan. 15. Traders are also eyeing LVMH’s 2025 annual results, due in January as per the company’s financial calendar. 4
