Despite persistent economic uncertainty and geopolitical disruptions, the luxury group showed resilience, recording a one percent organic improvement in the third quarter supported by improving trends in most business groups, except in Europe, where tourist spending weakened due to currency fluctuations.
LVMH Moet Hennessy Louis Vuitton reported revenue of €58.1 billion (~$67.396 million) for the first nine months of 2025, a 2 percent year-on-year decline. Fashion and leather goods fell 6 percent organically, but Louis Vuitton, Dior and Loro Piana maintained creative momentum through new launches and shows. Selective retail increased 3 percent. The recovery of DFS in Asia and the continued strength of Le Bon Marché.
Revenue from the Fashion and Leather Goods division fell 6 percent organically to €27.6 billion (~$32.01 billion), reflecting the normalization of tourist spending compared to the strong growth seen in 2024. However, local demand remained strong and LVMH continued to strengthen its creative leadership. Louis Vuitton remained a leading artist, combining 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, attracted significant visitor traffic.
At Christian Dior, the appointment of Jonathan Anderson as creative director marked the beginning of a new interpretation of Dior's “new look”, receiving an enthusiastic response for both the men's and women's collections. The opening of two new flagships of the House of Dior in New York and Beverly Hills highlighted the House's global expansion strategy. Loro Piana reaffirmed its mastery of natural fibers with a new collection presented at the Palazzo Citterio in Milan, while celebrating its continued association with Team Europe, winner of the 2025 Ryder Cup.
Fendi witnessed a leadership transition when Silvia Venturini Fendi became honorary president and Maria Grazia Chiuri was named creative director. Celine, Loewe and Givenchy also debuted collections under new creative directors Michael Rider, Jack McCollough and Lazaro Hernandez, and Sarah Burton, respectively, and each received high praise for their renewed vision.
Selective retail recorded a 3 percent organic increase in revenue to €12.6 billion, with all three retail groups performing positively.
Duty Free Shoppers (DFS) showed a marked recovery in the third quarter, particularly in Macau and Hong Kong, benefiting from the return of travel and spending by Asian tourists. Rationalization initiatives launched earlier in the year improved operational efficiency and profitability. Le Bon Marche, LVMH's Parisian department store, recorded steady growth driven by its refined product mix, experiential retail approach and curated cultural events that continue to differentiate it in a competitive retail environment, the statement added.
Despite global uncertainties and fluctuating demand patterns, LVMH remains confident in its long-term prospects. The group aims to strengthen the appeal 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 and brand value of its portfolio to reinforce its leadership in the global luxury sector throughout 2025.
Fiber2Fashion News Desk (SG)
