LVMH sales fall sharply as luxury woes continue

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LVMH’s sales are more than expected in the first quarter as the world’s top luxury group braces for the fall from US President Donald Trump’s tariff.

In the Paris-list luxury group, fashion and leather organic sales fell 5 percent in the first three months of the year by 5 percent to $ 10.1 billion. It has missed the sens camma expectations for a wide range of growth.

The LVMH -controlled LVMH -controlled by the Billionaire Bernard Arnultt of this group has combined the United States and Japan as weakened markets. “The rest of Asia saw the comparable tendency with 2024,” the company said.

The fashion and leather product section, which includes Louis Viton and Christian Dyer, is seen as a Balutha for a wide luxury sector.

Group sales stood by 3 percent to $ 20.3 billion compared to estimates that group sales would be flat.

“In a disrupted geology and economic environment, LVMH remains both alert and confident at the beginning of the year,” the company said.

This is a developing story.