Middle East conflict impacts LVMH sales
Luxury group LVMH Moët Hennessy Louis Vuitton recorded revenue of €19.1 billion in the first quarter of 2026, in an environment that “remained disrupted, amplified by the conflict in the Middle East”.
The US experienced a good start to the year. In Europe and Japan, resilient local demand helped to partly offset lower tourist spending. Asia saw strong growth, confirming the improvement in trends observed starting in the second half of 2025.
The Middle East was impacted by the conflict in March, following a positive start to the year. The conflict had a negative impact of around 1% on growth for the quarter.
The Fashion & Leather Goods sector was down 2%, impacted by the conflict in the Middle East.
The group said: “Amid a geopolitical and economic environment particularly disrupted by the conflict in the Middle East, LVMH remains vigilant yet confident at the start of the year. The group remains focused on the development of its brands, driven by a sustained policy of innovation and investment as well as by a constant quest for quality in its designs, their desirability and their selective distribution.”
