Other business lines showed more resilience, with organic sales in the Wines and Spirits division growing 6%, surpassing the forecast of 0.28%. These figures were disclosed in a quarterly sales and trading update released on Oct. 12.
Wednesday, October 21, 2026
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LVMH’s Fashion Division Sales Drop 5% on China Boycott
Earnings9 days ago
Organic revenue growth for the luxury group slowed to 1% in the third quarter, missing the 1.52% analyst estimate. This underperformance was driven by the Fashion and Leather Goods division, where organic sales fell 5%, significantly exceeding the projected 1.57% decline. LVMH noted that this flagship segment was hampered by a slowdown in demand in China and a boycott of the Louis Vuitton brand, though the market in the US remained buoyant. Overall revenue for the period was EUR 18.5B, which matched investor forecasts.
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