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LVMH reported its first-quarter earnings of 2025 Monday, and Sephora was a notable weak point for the luxury conglomerate’s U.S. presence—even though the fashion brand is performing well globally. While U.S. demand for jewelry, leather, and fashion “remained well oriented and accelerated modestly” compared to the back half of 2024, “Sephora on the other hand … Read more
Hermès overtook rival luxury purveyor LVMH after the Bernard Arnault-run company reported a lackluster start to 2025 with a drop in sales. Hermès’ market capitalization eclipsed LVMH’s on Tuesday morning by around €210 million, making the Birkin bag maker the most valuable luxury company in Europe, and on France’s CAC40 index. As of 11.30 a.m. … Read more
Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Bloomberg | Getty Images Shares of LVMH plunged 8% on Tuesday morning after the world’s largest luxury group posted an unexpected decline in first-quarter sales. The company reported a 3% year-on-year fall in first-quarter sales in a trading update published … Read more
The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative. Read More
LVMH-owned Loro Piana has benefited from the luxury sector’s embrace of “soft” or “quiet” luxury, with understated yet exorbitant apparel. Read More
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH retreated on Wednesday after slightly better-than-expected annual results from … Read more
“Today, I’m not going to report record revenue, but it was nonetheless a robust year,” CEO Bernard Arnault said during the earnings call. Read More
A Louis Vuitton storefront in San Diego, California. Kevin Carter | Getty Images News | Getty Images The world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector. The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted … Read more
The luxury group is cleaning up its portfolio of labels amid a downturn for high-end goods. Read More
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