Luxury Under Pressure: LVMH Results Reflect Broad Slowdown Across Markets and Segments
LVMH reported a 3% decline in organic revenue for Q1 2025, signaling a softer-than-expected start to the year for the world’s leading luxury group.
The key Fashion & Leather Goods division fell by 5%, significantly missing forecasts and highlighting cooling global demand for high-end products.
Wines & Spirits dropped 9%, hit by a sluggish performance in Champagne and Cognac, alongside waning consumer sentiment.
Perfumes & Cosmetics and Selective Retailing both saw a 1% decline, underlining the absence of growth across product categories.
Regionally, trends were weak across the board, with declines in the US, Japan, and Asia (excluding Japan), and only limited growth in Europe.
With all major business segments showing stagnation or decline, the results reflect a broad-based slowdown in the face of persistent economic and geopolitical headwinds.
