US EditionLVMH reports sales hit from Iran war in blow to hopes for luxury revival
The luxury group said the conflict cut organic growth by 1% as fashion and leather goods sales fell 2% and Europe demand weakened.
- LVMH reported the Iran war reduced organic sales growth by 1% in the first quarter of 2026, citing weakened demand in the Gulf region and fewer European tourists.
- The conflict involving Iran depressed business in a region representing 6% of LVMH's turnover, with mall traffic in Dubai plummeting by as much as 50% since the war began.
- LVMH's core fashion and leather goods division, which accounted for roughly 80% of operating profits last year, saw organic sales slide 2% during the quarter, marking the seventh consecutive decline.
- Global organic sales rose 1% despite disruptions, with the United States delivering 3% growth as the main bright spot, the company said.
- Laurent Chaudeurge, investment committee member at Paris-based asset manager BDL, said "we have already seen two or three years of crisis," though analysts project 2026 as a growth year.
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focus.de
finanzen100.deWith weak sales growth, LVMH misses the expectations of the stock exchange. Key features of fashion and leather goods are particularly weakening, but watches and jewellery provide a glimpse of light.
LVMH Shares Fall As Iran War Hits Demand
Shares of LVMH fell after the luxury giant reported weaker-than-expected sales, with the Iran war weighing on demand, according to analyst and company disclosures. The company posted 1 percent organic growth for the quarter, missing forecasts, while citing a direct negative impact from the Middle East conflict. CFO Cécile Cabanis said demand in the region dropped sharply in March, with declines ranging between 30 percent and 70 percent depending…
LVMH reports sales hit from Iran war in blow to hopes for luxury revival
French luxury giant LVMH LVMH.PA said the Iran war shaved at least 1 per cent off its total group sales in the last quarter due to lower spending in the Gulf region, and that fewer tourists in Europe added to the weakness.
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