LVMH Reports 4% Revenue Decline, €9bn Half-Year Profit

LVMH reported a 4% decline in revenue to €39.8 billion for the first half of 2025, with profit from recurring operations falling 15% to €9 billion amid ongoing geopolitical and economic volatility. Despite these challenges, the group maintained strong local demand in Europe and stable sales in the United States, while Japan saw a decline due to a high prior-year base boosted by tourism and currency factors. The Selective Retailing division, led by Sephora, showed notable growth in revenue and profit, driven by omnichannel strategy and market share gains. In contrast, the fashion and leather goods division experienced a 9% sales drop, reflecting weak consumer sentiment, while perfumes and cosmetics remained stable, supported by strong performances from Dior, Guerlain, and other brands. LVMH Chairman and CEO Bernard Arnault emphasized the group’s resilience, innovation, and commitment to quality craftsmanship as key to navigating uncertainties and pursuing long-term growth. The company remains cautiously optimistic about the second half of 2025 and focused on strengthening its leadership in luxury goods.