Consumer

LVMH’s Subdued Sales Temper Hopes for a Rapid Luxury Rebound

LVMH shares tumble the most since October as optimism cools
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WATCH: LVMH’s sales casts doubt on luxury’s rebound and its billionaire owner Bernard Arnault wishes France could have more optimism like the US under Trump. Angelina Rascouet reports.Source: Bloomberg

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By Angelina Rascouet

January 28, 2025 at 4:54 PM UTC

Updated on

January 29, 2025 at 11:46 AM UTC

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LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand.

Sales at the key unit, which includes the Louis Vuitton and Christian Dior brands, slipped 1% as wealthy holiday shoppers remained cautious. Overall revenue at LVMH increased only 1%.