LVMH, the world’s leading luxury goods group, posted €20.3 billion in revenue for the first quarter of 2025.
Europe continued to perform well. The United States saw a slight dip, although fashion, leather goods, and jewelry held up.
Japan’s numbers dropped compared to last year, mainly because of strong spending by Chinese tourists in early 2024. The rest of Asia followed a similar trend as last year.
Here’s how each business unit performed:
- Wines & Spirits: €1.3 billion (down 9% organically)
- Fashion & Leather Goods: €10.1 billion (down 5% organically)
- Perfumes & Cosmetics: €2.2 billion (flat)
- Watches & Jewelry: €2.5 billion (flat)
- Selective Retailing: €4.2 billion (flat)
The Fashion & Leather Goods unit saw a 5% dip but stayed solid with €10.1 billion. Louis Vuitton’s revival of its famous Takashi Murakami collaboration turned into a major hit.
Christian Dior kept the momentum going with fresh designs like the Dior Toujours and D-Journey bags. Its fashion shows and craftsmanship received strong attention.
The Christian Dior: Designer of Dreams exhibition continued its global tour, stopping in Seoul this April.
Fendi celebrated a century of fashion with shows in Milan. Loewe’s Crafted World exhibition landed in Tokyo, showing the brand’s blend of art, culture, and play.
