LVMH suffers steep drop in fashion sales as wealthy consumers tighten belts

"LVMH's fashion and leather goods sales dropped 9 percent in Q2, deepening from a previous 5 percent decline, highlighting weaknesses reflected in organic sales."

"First-half sales for LVMH's fashion division fell by 7 percent on an organic basis to €20.7 billion, showing a significant downturn in this sector."

"The group's second-quarter revenue dropped 4 percent organically to €19.5 billion, with operating income also falling, reflecting challenges faced across multiple divisions."

"The wines and spirits division experienced a revenue decline of 4 percent in Q2, reflecting weaker demand in key markets like the US and China."

LVMH reported a 9 percent drop in fashion and leather goods sales amid economic uncertainty, causing concerns for the luxury sector dependent on high-income consumers. For the first half of 2025, sales fell 7 percent to €20.7 billion, with operating profit declining 18 percent to €6.6 billion. The group's total second-quarter revenue also fell by 4 percent to €19.5 billion. Additionally, the wines and spirits division reported a similar decline, illustrating widespread economic impacts affecting luxury consumption across its markets.

Read at Business Matters