The world’s main luxurious group, LVMH, noticed web revenue slide 13 % in 2025 to 10.9 billion euros (USD 13.1 billion) as an distinctive tax on giant French corporations weighed on its backside line. In response to LVMH, the distinctive tax resulted in a four-percentage-point enhance within the group’s efficient tax price.
However gross sales on the firm, finest identified for Louis Vuitton purses, Dior vogue and beauty merchandise, Guerlain fragrances, Moët & Chandon champagne and Tiffany jewellery, additionally dropped by 5 % to 80.8 billion euros as tariffs and geopolitical uncertainty hit client sentiment.
Throughout the 2025 monetary 12 months, wine and spirits division took the toughest hit with a 9 % drop in gross sales amid opposed exchange-rate results, customs duties, and constrained pricing energy.
Nonetheless the highest vogue and leather-based items division, which accounts for almost half of general gross sales, additionally noticed an eight % drop in gross sales.
Perfumes and cosmetics held up higher, posting a 3% decline in gross sales however an 8% enhance in working revenue.
Within the selective distribution phase, enterprise remained secure, with the working margin rising by two factors to 9.7%. LVMH highlighted the robust gross sales momentum and efficiency of Sephora. The Group additionally continues to reorganize DFS, following the latest sale of its Chinese language operations.
LVMH mentioned it “confirmed good resilience and maintained its progressive momentum regardless of a disrupted geopolitical and financial surroundings” final 12 months.
“The group’s outcomes are strong,” mentioned Chairman and CEO Bernard Arnault, regardless of “a turbulent 12 months each economically and geopolitically,” when presenting the outcomes.
“Regardless of a geopolitical and macroeconomic surroundings that continues to be unsure, the Group stays assured” for 2026, it added in its earnings assertion.
Particularly, LVMH mentioned gross sales in the US grew within the second half of 2025 due to strong demand.
