First-half figures down by 3% but LVMH encouraged
Luxury group LVMH has reported revenues of €38.6 billion for the first six months of 2026.
This figure is down by 3% on the same period last year. Its leathergoods division contributed €18.1 billion to the total, down by 5% year on year.
Chief executive, Bernard Arnault, said the results showed the group had “solidity and an effective strategy”. He said LVMH brands remained focus on ensuring “the utmost quality in our products”.
He argued that there had been an improvement in the results in the second quarter. Looking at that quarter in isolation, the leathergoods division achieved revenues of €8.9 billion.
This is still down on the same quarter last year, but only by 1.2%. Mr Arnault said some brands were undergoing substantial change (he called it “pursuing their creative renewal”), but had been able to “enhance their desirability”.
He said successes included Jonathan Anderson’s first designs for Christian Dior, and the “remarkable performance” of Louis Vuitton’s new stores in Beijing and Seoul.
Image shows the new Louis Vuitton store in Beijing.
