LVMH news and archive

Louis Vuitton raises U.S. handbag prices amid tariff concerns

Louis Vuitton has quietly raised the prices of several handbags in the United States— a move analysts interpret as a preemptive response to the threat of U.S. tariffs on European imports. The adjustment comes on the heels of Hermès’ announcement earlier this month that it will implement a 10 per cent price increase. According to a recent price...

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LVMH’s general meeting 2025: key figures

The LVMH group’s general meeting, which took place on April 17, 2025, featured a presentation of the main figures for 2024, compared to 2023, by LVMH chief financial officer (CFO) Cécile Cabanis, who has held the position since February 2025. The results highlighted that fashion and leather goods are indeed the vibrant heart of the luxury giant....

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French companies resist Paris' call

Paris - Since the publication of the AFP article on Sunday, April 21st, regarding the tensions between major French companies and the political powers — an in-depth piece outlining the positions taken by Bercy to encourage several groups to suspend their American projects — none of the main groups concerned — LVMH, Schneider Electric, CMA CGM —...

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Louis Vuitton is navigating an evolving global luxury landscape

After years of riding high on the back of strong international demand and an unwavering brand ethos, Louis Vuitton finds itself at a strategic inflection point. The French luxury powerhouse, a key pillar of LVMH, is contending with a confluence of macroeconomic pressures and evolving consumer behaviours that threaten to recalibrate the dynamics...

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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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N.Ireland designer Jonathan Anderson takes helm at Dior Men

French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday. Anderson, 40, quit Loewe last month after more than a decade in which he turned around the fortunes of the heritage Spanish brand. The Northern Irish designer -- an influential tastemaker with many A-list fans -- made the...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

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PETA continues to put the pressure on LVHM over its use of animal skins

Animal rights organization People for the Protection of Animals (PETA) is continuing its campaign against luxury fashion conglomerate LVMH over its use of real fur. Ahead of the LVMH annual meeting on April 17, PETA, which also owns stock in the company, is calling on CEO Bernard Arnault to address its brand's use of real fur once more. "Every...

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LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

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LVMH sales dip as Trump tariffs dent luxury tastes

Paris - Luxury giant LVMH saw sales fall two percent to 20.3 billion euros (23 billion dollars) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday. The producer of Louis Vuitton bags and Dom Perignon champagne, owned by Europe's richest man Bernard Arnault, generates a quarter...

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Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

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LVMH appoints new heads for Kenzo and Fendi

French luxury goods group LVMH has made further leadership appointments. On Monday, the group announced the future CEOs of the fashion houses Kenzo and Fendi. The Louis Vuitton label also appointed a new head of its China business. Both CEOs come from within the company Charlotte Coupé has been appointed the new CEO of Kenzo. She will assume her...