LVMH reports lacklustre results as Middle East looms large

Group revenue dipped 3% to €38.64bn (£33.01bn) for the six month period. Revenue at LVMH‘s fashion and leather goods business, which includes brands such as Louis Vuitton, Christian Dior, Fendi, Celine, Loewe and Givenchy, was down 5% to €18.15 (£15.51bn) on a reported basis. Its watches and jewellery arm saw a 3% increase to €5.09bn (£4.35bn) compared with the same period in 2025. LVMH hailed its “innovative momentum” and felt it had remained “very solid in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East”. Loro Piana and Rimowa both performed strongly, while growth accelerated at Dior. Advertisement During the six month period, it was agreed that the Marc Jacobs brand would be sold to Vera Wang-owner WHP Global. The conglomerate said that Michael Rider at Celine, Jack McCollough and Lazaro Hernandez at Loewe, Sarah Burton at Givenchy and Maria Grazia Chiuri at Fendi “have continued the creative renewal of collections at their respective maisons”. “LVMH demonstrated its solidity and effective strategy,” said CEO Bernard Arnault. “Accelerating growth in the second quarter arose in particular from the success of Jonathan Anderson’s first designs for Christian Dior, the remarkable performance of Louis Vuitton’s exceptional new stores in Beijing and Seoul, and Tiffany and Bvlgari’s iconic lines. “While continuing to pay very close attention to margins, we are entering the second half of the year with renewed confidence in the long-term potential of our maisons and in our highly committed teams to continue to stand out and reinforce LVMH’s leadership position. The latest edition of our Journées Particulières events will showcase the invaluable expertise of our craftspeople and the rich heritage of our maisons, offering an array of unique experiences.” Have your say or a new account to join the discussion.