LVMH reports USD 67.7B revenue in Q3 FY25 amid global headwinds
Despite external challenges, LVMH remains confident in its strategy.
FRANCE – LVMH has reported revenue of €58.1 billion(USD 67.74 billion) for the first nine months of 2025, demonstrating resilience amid global economic and geopolitical uncertainties.
Europe and the United States remained stable, thanks to strong local demand, whereas Japan experienced a decline compared to 2024, a year when a weaker yen drove tourist spending.
The rest of Asia experienced a notable improvement year-over-year. In the third quarter alone, LVMH generated €18.3 billion(USD 21.33 billion) in revenue, marking a 1% organic growth with positive trends across nearly all business groups and regions except Europe, where tourist spending and currency effects weighed on performance.
Breaking down by business segment, reported revenues were €3.917 billion(USD 4.566 billion) for Wines & Spirits, €27.611 billion(USD 32.17 billion) for Fashion & Leather Goods, €6.040 billion(USD 7.041 billion) for Perfumes & Cosmetics, €7.409 billion(USD 8.64 billion) for Watches & Jewelry, and €12.613 billion(USD 14.71 billion) for Selective Retailing, with other activities and eliminations adding €500 million(USD 582.85 million).
The Wines & Spirits division showed slight organic growth of 1% with improvements in champagne and rosé wines despite trade tensions impacting key markets.
Fashion & Leather Goods declined 2% organically in the third quarter, continuing a recent trend affected by reduced tourist spending, though it showed signs of resilience through major creative initiatives.
Perfumes & Cosmetics increased 2% organically, supported by successful launches such as Dior’s fragrances and makeup innovations.
Watches & Jewellery also grew 2% organically, aided by new product lines and store expansions.
Selective Retailing led growth with a 7% rise organically, driven by Sephora’s strong performance and expanded market share.
Despite external challenges, LVMH remains confident in its strategy, focusing on enhancing brand desirability, product excellence, innovative retail experiences, and an agile organization to sustain its leadership in luxury goods throughout 2025.
Meanwhile, LVMH is set to divest its Marc Jacobs fashion brand in a deal valued at around USD 1 billion.
This move comes amid a broader strategic reshuffling as LVMH seeks to focus on its core, more profitable luxury brands during a period of declining sales and profit pressure.
LVMH has reportedly been in confidential talks with potential buyers, including Authentic Brands Group (owner of Reebok and other brands), WHP Global (which owns Vera Wang), and Bluestar Alliance (recent acquirer of Off-White and Palm Angels).
These prospective buyers specialize in acquiring and licensing established fashion labels.
This move comes after LVMH acquired the American fashion label in 1997 and has been overseeing it for nearly three decades.
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