Luxury bellwether LVMH drops 8% on sales miss, dragging peers down
- LVMH reported a 3% revenue loss in its first quarter of 2025, generating $23 billion, which was lower than expected by analysts.
- Cecile Cabanis, LVMH's CFO, mentioned that the company is considering moving some production to the US due to potential tariffs.
- Shares of LVMH fell nearly 8% after the sales miss, affecting other luxury brands like Kering and Burberry.
- Despite struggles, LVMH continues to see growth in Europe and excitement around new product lines, including Louis Vuitton's cosmetics.
97 Articles
97 Articles
Hermès leapfrogs LVMH to become Europe's most valuable luxury company after the Louis Vuitton owner reported downbeat results
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. London time, Hermès’ market value was €248.2 billion while LVMH’s was €246.8 billion. LVMH’s shares we…
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