Luxury conglomerate LVMH has returned to progress within the third quarter of 2025, posting 1% natural income progress following months of slowdown throughout the worldwide luxury market. The rebound was pushed by robust performances at Sephora, Dior Beauty and Louis Vuitton.
The group recorded income of €58.1 billion (£50.64 billion) for the primary 9 months of the yr, reflecting a 2% natural decline total. The firm mentioned this was attributable to inflationary pressures, unstable trade charges and decrease luxury demand in China and the US. However, all divisions confirmed enchancment in Q3, marking a stabilisation that LVMH described as a “return to positive momentum”.
Europe and the US remained regular, whereas Asia noticed “noticeable improvement” in comparison with 2024. Japan, nonetheless, slipped yr-on-yr.
The group’s largest division, Fashion & Leather Goodsnoticed income dip by 6% over the 9 months, although the third quarter signalled a partial restoration. Louis Vuitton and Dior continued to anchor efficiency.
At Dior, new Creative Director Jonathan Anderson launched his debut menswear and womenswear collections, described by the group as a “tremendously well-received” reimagining of the model’s New Look. Meanwhile, yesterday, Fendi confirmed Maria Grazia Chiuri’s appointment as Chief Creative Officer.
LVMH’s Perfumes & Cosmetics division noticed a 2% rise in Q3, supported by international demand for Dior Beauty and Guerlain.
Sephora as soon as once more emerged as a progress engine, driving the Selective Retailing division’s 3% enhance ( 7% in Q3). The international magnificence retailer noticed document-breaking launches, notably Hailey Bieber’s Rhode, and continued to develop its omnichannel technique.
The Watches & Jewellery class achieved 1% natural progress, pushed by Tiffany & Co. and Bulgari.
Despite the gradual begin to the yr, LVMH mentioned it stays assured in its lengthy-time period progress technique.
“In an uncertain economic and geopolitical environment, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands,” LVMH mentioned in a assertion.
The newest figures recommend that LVMH, and by extension the broader luxury sector, could also be stabilising after months of downward spiralling.