The luxury industry is impacted by the slowing global economy, changes in consumer behaviour and tariff wars. In this challenging environment, the world’s leading luxury group reported a slight drop in revenues and profit for the first half of 2025. Over the period, LVMH recorded revenue of EUR 39.8 billion (-4%). At EUR 9.012 billion, the […]
The world’s leading luxury group, LVMH, has just announced its sales revenues for the first quarter of 2025, which ended March 31st. At the end of the year 2024, when the conglomerate was still reporting strong results, revenues showed a slight improvement, offsetting the losses of mid-2024. However, the global geopolitical and economic environment is uncertain due […]
In the context of a global decline of the luxury goods demand, LVMH, the world’s largest luxury goods group, reported revenues of EUR 84.7 billion for 2024, +1% on an organic basis, after a record performance in 2023. In the fourth quarter, organic revenue growth came to 1%, accelerating with respect to the third quarter. […]
While rumours had circulated for some time, the confirmation has now been made. As Formula 1 gears up to celebrate its 75th anniversary in 2025, there’s major news shaking up its sponsorship landscape. LVMH, the world’s largest luxury conglomerate, has officially signed on as a Global Partner of Formula 1 in a groundbreaking 10-year deal, […]
It wasn’t so long ago when LVMH, the French luxury powerhouse, announced shifts in top management positions. In January 2024, the group announced the creation of a new entity, LVMH Watches, as well as its CEO, Frédéric Arnault, the son of the Group’s owner Bernard Arnault and ex-CEO of TAG Heuer. As a consequence, Julien […]
Known as the largest luxury group in the world, owned by the Arnault family, LVMH continues its development in all fields related to rare and artistic crafts. Already the owner, through its Watches Division, of TAG Heuer, Hublot and Zenith (as well as jewellery brands Bulgari and Tiffany, not included in this division), the group […]
Known as the largest luxury group in the world, owned by the Arnault family, LVMH continues its development in all fields related to rare and artistic crafts. Already the owner, through its Watches Division, of TAG Heuer, Hublot and Zenith (as well as jewellery brands Bulgari and Tiffany, not included in this division), the group […]
The Federation of the Swiss Watch Industry has just released their export statistic for 2023 – December ended the year on a positive note with exports up 5.5%. For the year as a whole, the industry exports recorded an increase of 7.6% compared to 2022, reaching their highest level ever at CHF 26.7 billion for […]
Earlier this month, LVMH, the French luxury powerhouse, reorganized the management of its watch division. Frédéric Arnault was named CEO of LVMH Watches – overseeing TAG Heuer, Hublot and Zenith – Julien Tornare subsequently took over as CEO of TAG Heuer while a former Richemont executive, Benoit de Clerck, was recruited to run Zenith. Just […]
As was expected, LVMH, the world’s largest luxury goods company, has announced record revenues for 2023. At EUR 86.2 billion, revenues are up 9% while the organic growth was +13%. The progression of revenues was higher in the fourth quarter than in the third quarter with organic growth of 10% versus 9%, despite some uncertainties […]