US EditionLuxury bellwether LVMH drops 8% on sales miss, dragging peers down
- LVMH's sales fell 2% to 20.3 billion euros in the first quarter of 2025, as reported by the company.
- The impact of US President Donald Trump's tariffs led to a decline in US sales for LVMH, which generates a quarter of its revenue there.
- Wine and spirits saw an 8% drop globally, significantly affecting LVMH's sales, especially in cognac due to weaker demand in China and the United States.
- LVMH's Chief Financial Officer Cecile Cabanis stated that the suspension of tariffs could foster negotiations towards a positive outcome.
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.
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 sales figures make LVMH CEO Bernard Arnault create – and the US factory in Texas also causes displeasure: the lack of skilled workers leads to clear quality problems.
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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