Despite persistent economic uncertainty and geopolitical disruptions, the luxury group demonstrated resilience, recording a one percent organic improvement in the third quarter supported by improved trends across most business groups except Europe, where tourist spending weakened due to currency fluctuations.
LVMH Moët Hennessy Louis Vuitton reported revenue of €58.1 billion (~$67.396 billion) in the first nine months of 2025, down 2 percent year-on-year. Fashion and leather goods naturally declined 6 percent, yet Louis Vuitton, Dior and Loro Piana maintained creative momentum through new launches and shows. Selective retail sales increased by 3 percent. DFS’s recovery in Asia, and Le Bon Marche’s continued strength.
Revenue in the fashion and leather goods division fell 6 percent to €27.6 billion (~$32.01 billion), reflecting the normalization of tourist spending compared to the strong growth seen in 2024. Nevertheless, local demand remained strong, and LVMH continued to strengthen its creative leadership. “Louis Vuitton remains an extraordinary artist, blending heritage and modernity through the captivating shows of Nicolas Ghesquière and Pharrell Williams,” LVMH said in a press release.
The maison’s Shanghai destination, The Louis, which was designed as a museum-like space inspired by a cruise ship, attracted significant visitor traffic.
At Christian Dior, the appointment of Jonathan Anderson as creative director heralded a new interpretation of Dior’s ‘New Look’, which received an enthusiastic response to 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 confirmed its mastery of natural fibers with a new collection presented at Palazzo Citterio in Milan, while celebrating its continued partnership with Team Europe, winners of the 2025 Ryder Cup.
Fendi saw leadership changes as Silvia Venturini became Fendi Honorary President and Maria Grazia Chiuri was appointed Chief Creative Officer. Celine, Loewe and Givenchy also debuted collections under new creative directors Michael Ryder, Jack McCollough and Lazaro Hernandez and Sarah Burton, respectively, each receiving strong praise for their renewed vision.
Selective Retailing recorded organic growth of 3 percent in revenues to €12.6 billion, with all three retail banners performing positively.
Duty Free Shoppers (DFS) showed notable improvement in the third quarter, particularly in Macau and Hong Kong, benefiting from the return travel and spending of Asian tourists. Streamlining initiatives initiated at the beginning of the year led to improvements in operational efficiency and profitability. LVMH’s Parisian department store, Le Bon Marché, has recorded steady growth due to its sophisticated product mix, experiential retail focus and curated cultural events, which continue to differentiate it in a competitive retail environment, the release said.
Despite global uncertainties and fluctuations in demand patterns, LVMH remains confident about 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 the diversity of its portfolio and brand equity to consolidate its leadership in the global luxury sector by 2025.
Fibre2Fashion News Desk (SG)
