LVMH’s Head of Wines and Spirits Set to Leave Luxury Group
- Schaus is set to leave imminently, people familiar said
- Departure follows other high-profile exit announced last month
The head of LVMH’s wines and spirits division is set to leave as the world’s largest luxury company wrestles with a slump in consumer demand in China that’s hurt sales of Cognac and Champagne.
Philippe Schaus, 61, could depart LVMH Moët Hennessy Louis Vuitton SE with an announcement confirming his exit expected imminently, people familiar with the departure of the executive said. LVMH and Schaus both declined to comment.