All articles tagged with #lvmh
Earnings live: LVMH reports rising sales helped by stronger US luxury demand, with AstraZeneca and NUE also on deck and Big Tech results later in the week. Analysts expect the S&P 500’s Q2 earnings to grow around 23% year over year, above long‑term averages, signaling a robust earnings season despite mixed results across companies.
At the LVMH annual meeting, Bernard Arnault warned the Iran war could escalate into a “world catastrophe” with severe economic consequences. Luxury giants including LVMH, Kering and Hermès have cited slower demand tied to the conflict, especially in the Middle East and among travelers. LVMH reported about a 1% hit to organic growth from the Middle East conflict, with broader demand declines since the war began; Arnault’s remarks come as luxury shares have slid and Forbes notes his substantial net worth, illustrating how macro tensions weigh on the sector and how a resolution could help brands recover.
At LVMH’s AGM, Bernard Arnault warned the Middle East crisis could spell a global economic catastrophe in 2026 if peace talks falter, while remaining confident about the group’s midterm growth. He cited near‑term volatility, noted a Q1 revenue dip due to the conflict, and highlighted strong brand momentum (Dior, Vuitton) and Tiffany’s potential leadership in five years. Arnault also reaffirmed his plan to stay at the helm for seven to eight years and addressed succession questions amid a family‑owned empire.
Bernard Arnault warned at LVMH’s annual meeting that the Middle East war could spiral into a global catastrophe and jeopardize the luxury group's recovery if it drags on, with softer demand and regional disruptions hitting sales; he also addressed succession via a decade-long contract and noted the group’s shares have fallen while peers slide.
Bernard Arnault warned at an LVMH AGM that the Iran crisis could trigger a world catastrophe with serious economic fallout, noting the conflict has already slowed his luxury-group sales and underscoring his high-profile ties to Donald Trump.
LVMH’s first-quarter sales rose 1% like-for-like to €19.1bn, but the Middle East conflict dampened demand and shaved about a point of growth, with fashion and leather goods down 2% to €9.24bn. Europe and Japan declined ~3%, while Asia outside Japan led gains (+7%) and the US was up 3%; watches and jewelry rose 7% led by Tiffany and Bvlgari. Analysts still foresee a luxury recovery in 2026 aided by new designers at Dior and Celine, though consumer confidence remains fragile. Shares have fallen roughly 25% this year.
LVMH reported €19.1 billion in Q1 2026 revenue with 1% organic growth, as strong US and Asia demand offset Middle East headwinds; reported revenue fell 6% primarily due to currency effects (~7% FX impact). Wines & Spirits rose ~5% organically and Watches & Jewelry +7%, while Fashion & Leather Goods slipped ~2% organically amid the conflict; Perfumes & Cosmetics was flat and Selective Retailing +4%. Tiffany, Dior, Louis Vuitton and other maisons delivered solid performances, with new flagship openings and product innovations highlighted, underscoring the group’s investment-led strategy for 2026.
Italy’s antitrust authority AGCM is probing LVMH-owned Sephora and Benefit for potentially deceptive marketing that used young micro-influencers to promote skincare to children under 10, raising concerns about “cosmeticorexia.” The inquiry, including inspections at the brands’ Italian HQ, centers on whether the products were clearly labeled for adults and whether the marketing encouraged premature purchases of anti-aging products. Sephora’s large social followings have featured in the controversy amid the ongoing investigation.
LVMH Watch Week 2026 launches seven standout debuts across Louis Vuitton, TAG Heuer, Hublot, Zenith, Bulgari, Daniel Roth and Gérald Genta, including LV’s Escale Twin Zone GMT, TAG Heuer Carrera Split-Seconds, Hublot Big Bang Unico Samuel Ross, Zenith Defy Revival A3643, Bulgari Maglia Milanese Monete, Daniel Roth skeleton, and Gérald Genta Geneva Time Only, offering fresh complications and designs ahead of Watches and Wonders Geneva.
China Tourism Group Duty Free will cash purchase DFS’s stores in Hong Kong and Macau (excluding City of Dreams) and related intangibles in Greater China, with DFS continuing its other operations worldwide. LVMH and the Miller family will subscribe to CTG Duty-Free’s Hong Kong‑listed H‑shares as part of a capital increase, and CTG and LVMH will pursue a strategic cooperation in Greater China. The deal, expected to close in about two months, significantly strengthens CTG Duty-Free’s dominance in the region and reshapes the global travel-retail landscape.
A fatal train collision near Machu Picchu involving trains operated by PeruRail and Inca Rail, in which LVMH and Carlyle Group hold stakes, resulted in one death and multiple injuries, raising concerns over safety and the involvement of major global investors in Peru's tourism infrastructure.
Giorgio Armani's will reveals plans to sell his fashion empire, with a preference for a sale to major luxury firms like LVMH, L'Oréal, or EssilorLuxottica, or alternatively, a public listing. His heirs, including family members and his partner, will inherit stakes, with the foundation maintaining significant influence. The move marks a shift from Armani's previous stance of keeping the brand independent.
Following Giorgio Armani's death, major luxury companies like LVMH, L’Oréal, and EssilorLuxottica have expressed interest in acquiring his fashion group, with potential stakes to be sold over the next few years. Armani's will designates the Armani Foundation to oversee the company's future, emphasizing brand continuity, strategic growth, and cautious diversification, while maintaining control within the family and key partners like Leo Dell'Orco.
Giorgio Armani's will instructs his heirs to sell a 15% stake in his fashion empire, with priority to LVMH, Essilor-Luxottica, or L’Oreal, and outlines a plan for future ownership and leadership to ensure the brand's long-term stability and growth after his death at 91.
Giorgio Armani's will surprisingly instructs heirs to sell a significant stake in his fashion empire within a few years or pursue an IPO, with potential buyers including LVMH, L'Oreal, and EssilorLuxottica, marking a shift from his traditional stance on control and independence.