French luxury brand LVMH Moet Hennessy Louis Vuitton has recorded a revenue of €20.3 billion (~$21.75 billion), marking a 3 per cent organic decline year-over-year (YoY), falling short of analysts’ expectations of negative 2 per cent.
Regionally, Asia (excluding Japan) saw the largest drop in total revenue of the group with an 11 per cent YoY decrease, followed by the United States with a 3 per cent YoY decline, despite a good performance in Fashion and Leather Goods. Europe was the only region to record growth, with a 2 per cent increase in organic revenue as it achieved growth on a constant consolidation scope and currency basis. Japan witnessed a marginal 1 per cent decrease with respect to Q1 2024, which had been boosted by strong growth in Chinese consumer spending in the country. The rest of Asia saw trends comparable to 2024.
Asia (excluding Japan) remained the largest contributor in overall revenue at 30 per cent, although down from 33 per cent in Q1 2024. The United States followed with 24 per cent, up from 23 per cent in Q1 2024, while Europe (excluding France) remained stable at 15 per cent. France contributed 8 per cent, up from 7 per cent, and Japan maintained its share at 9 per cent. Other markets accounted for 14 per cent, rising from 13 per cent the previous year.
The Fashion and Leather Goods division, encompassing brands like Louis Vuitton and Dior, experienced a 5 per cent drop in sales, attributed to creative transitions and softer demand in key markets. In Q1 2025, Louis Vuitton reported a successful collaboration with Japanese artist Takashi Murakami and the launch of desirable collections by Nicolas Ghesquiere and Pharrell Williams. Notable product introductions included the LV Biker and All In bags, alongside the launch of La Beaute Louis Vuitton, LVMH said in a press release.
Christian Dior Couture continued its momentum with inspiring fashion shows introducing collections by Maria Grazia Chiuri. It highlighted successful launches of leather goods lines such as Dior Toujours and D-Journey bags.
Loro Piana experienced solid growth, especially in China with its first exhibition at the Museum of Art Pudong in Shanghai. Celine introduced its new creative director, Michael Rider, who is set to launch his first collection and new bag in July. Loewe underwent a leadership change, welcoming Jack McCollough and Lazaro Hernandez as the new creative directors following JW Anderson’s departure. The brand hosted the Crafted World exhibition in Tokyo and launched new leather goods in Madrid, while also opening a new CASA Loewe flagship in Shanghai.
Fendi celebrated its 100th anniversary with a special Milan fashion show. Givenchy showcased its first collection under Sarah Burton with the Fall Winter fashion show. Berluti marked its 130th anniversary with a new brand animation and new brand ambassadors, added the release.
Fibre2Fashion News Desk (SG)
