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LVMH Sales Grow 3% as Luxury Boom Stalls

The result confirms sector-wide fears that luxury demand would continue to slow.
Louis Vuitton Autumn/Winter 2024
Louis Vuitton Autumn/Winter 2024. (Getty)
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BoF PROFESSIONAL

Luxury conglomerate LVMH reported first-quarter sales up 3 percent on an organic basis, confirming fears that luxury demand would continue to sputter as slowing economic growth, high inflation, renewed demand for travel and experiences and customer fatigue with logo-heavy merchandise all take a toll on the sector.

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Further Reading

LVMH Shares Up 7% After Reassuring Q4, Lifts Luxury Peers

Investors dived back into top luxury shares on Friday, adding some $70 billion to their market value as LVMH’s latest sales figures reassured investors about the sector’s resilience to economic headwinds, particularly in China.

How LVMH Dominates the Luxury Business

Above all, the French conglomerate benefits from the sheer scale of its core megabrand Louis Vuitton, setting in motion a virtuous cycle that powers profit generation, writes Luca Solca.

About the author
Robert Williams
Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

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