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.
107 Articles
107 Articles
Bernard Arnault became the seventh world fortune. On Tuesday 15 April, the founder of LVMH lost $12.3 billion. A significant decrease that is explained by the Group's results on the stock exchange, after the announcement of its results for the first quarter of the year.
LVMH disappoints with unexpected sales drop - RetailDetail EU
French luxury group LVMH saw its sales drop unexpectedly in the first quarter, as American customers are joining the Chinese in their reluctance to let their cash roll. The figures indicate more than just a temporary dip. Heart under pressure The parent company of Louis Vuitton and Moët & Chandon saw its turnover fall by 3 % to 20.3 billion euros in the first quarter of 2025, while analysts had expected a stable result. The main ‘culprit’ is the…
The sharper drop in the CAC40 and SBF120 indices, the LVMH title plunges well below the 500 euro threshold to return to contact with the recent floors registered on April 7 to 482.55 euros in panic about the consequences of the commercial war triggered by Donald Trump. While the rebound of 1% of the turnover at constant scope and exchange of the world luxury leader in the fourth quarter of 2024 had fed the expectations of a gradual recovery of t…
Weak demand for cognac and spirits pulls down LVMH, Diageo and Pernod
Weak demand for cognac and spirits has sparked a sell-off of LVMH shares and a dip for other listed luxury brands. Shares in LVMH fell 7.25 per cent in early trade, causing the fashion behemoth to lose its crown to Hermes as the world’s most valuable luxury company. Shares in London spirits maker Diageo and French business Pernod Ricard fell by 2.3 per cent and 2.9 per cent, respectively. In its first-quarter results, LVMH said that cognac and s…
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