LVMH has reported a decrease in revenues for the first half of 2025.
The luxury French conglomerate saw revenues decline 4% to €39.8bn, with profits from recurring operations also decreasing 15% to €9.01bn.
LVMH’s Perfumes and Cosmetics division reported revenues of €4.08bn, down 1% for the first six months of the year.
Sephora’s performance within the Selective Retailing business group was hailed for strong revenue growth, however, particularly for new store openings globally.
Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH showed solidity in the current context.
“We owe this to the power of our iconic brands and their boundless capacity for innovation while remaining true to their culture of incomparable artisanal craftsmanship.
“Beyond the prevailing uncertainties, we remain focused thanks to the long-term vision that has always guided our family group.”
LVMH’s beauty arm was supported by Christian Dior and its Sauvage perfume, along with J’adore Eau de Parfum and the launch of Dior Homme.
Successful launches in make-up, namely Forever and Dior Addict, and skin care also contributed to the Maison’s solid beauty performance.
The overall flat beauty growth helps to offset major declines in the company’s Fashion & Leather Goods division, which sank by 9%.
Arnault added: “We are driven by our steadfast pursuit of quality and desirability in everything we create, combined with the modernity of our historic brands.
“We head into the second half of the year with great vigilance, and I am confident in LVMH’s tremendous long-term potential and the commitment of our teams to further reinforce the group’s leadership position in luxury goods.”
“Our main shared priority is about offering our customers the most exceptional products.”
Micheal Burke was recently appointed Chairman and CEO of LVMH Americas.
A veteran of the luxury giant, Burke was previously Chairman and CEO of LVMH Fashion Group, which includes brands such as Celine, Loewe, Givenchy and Marc Jacobs.