Despite persistent economic uncertainty and geopolitical disruptions, the luxury group displayed resilience, with the third quarter registering a one per cent organic improvement supported by better trends across most business groups except Europe, where tourist spending weakened due to currency fluctuations.
LVMH Moet Hennessy Louis Vuitton reported €58.1 billion (~$67.396 billion) in revenue for the first nine months of 2025, down 2 per cent YoY.
Fashion and Leather Goods fell 6 per cent organically, yet Louis Vuitton, Dior, and Loro Piana sustained creative momentum through new launches and shows.
Selective Retailing rose 3 per cent. DFS’s recovery in Asia, and Le Bon Marche’s continued strength.
Revenue in the Fashion and Leather Goods division dropped 6 per cent organically to €27.6 billion (~$32.01 billion), reflecting the normalisation of tourist spending compared with the strong growth seen in 2024. Yet, local demand stayed robust, and LVMH continued to strengthen its creative leadership. Louis Vuitton remained a standout performer, blending heritage and modernity through captivating shows by Nicolas Ghesquière and Pharrell Williams, LVMH said in a press release.
The Maison’s Shanghai destination, The Louis, designed as a museum-like space inspired by a cruise ship, drew significant visitor traffic.
At Christian Dior, the appointment of Jonathan Anderson as creative director ushered in a fresh interpretation of Dior’s ‘new look’, receiving an enthusiastic response for both men’s and women’s collections. The opening of two new House of Dior flagships in New York and Beverly Hills underlined the Maison’s global expansion strategy. Loro Piana reaffirmed its mastery of natural fibres with a new collection presented at Milan’s Palazzo Citterio, while celebrating its continued partnership with Team Europe, winners of the 2025 Ryder Cup.
Fendi witnessed a leadership transition as Silvia Venturini Fendi became honorary president and Maria Grazia Chiuri was appointed chief creative officer. Celine, Loewe, and Givenchy also debuted collections under new creative directors Michael Rider, Jack McCollough and Lazaro Hernandez, and Sarah Burton, respectively, each receiving strong acclaim for their renewed vision.
Selective Retailing recorded a 3 per cent organic rise in revenue to €12.6 billion, with all three retail banners performing positively.
Duty free shoppers (DFS) showed a marked recovery in the third quarter, particularly in Macao and Hong Kong, benefitting from returning travel and spending by Asian tourists. Streamlining initiatives launched earlier in the year improved operational efficiency and profitability. Le Bon Marche, LVMH’s Parisian department store, posted steady growth driven by its refined product mix, experiential retail focus, and curated cultural events that continue to differentiate it in a competitive retail environment, added the release.
Despite global uncertainties and fluctuating demand patterns, LVMH remains confident in its long-term prospects. The group aims to strengthen the desirability of its brands by focusing on creativity, craftsmanship, and customer experience. With strong local demand and a commitment to sustainability and innovation, LVMH plans to leverage its portfolio’s diversity and brand equity to reinforce its leadership in the global luxury sector throughout 2025.
Fibre2Fashion News Desk (SG)
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