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...
Apr 17, 2025
Luxury group Christian Dior posted a revenue of 20.3 billion euros for the first quarter of 2025, a slight decline on the same period of the year prior as the “disrupted geopolitical and economic environment” continued to take effect. Overall group revenue dropped 2 percent on the 20.69 billion euros recorded in the first quarter of 2024, with...
Apr 15, 2025
Damien Bertrand has been appointed Deputy CEO of Louis Vuitton, effective June 10, and will become a member of the LVMH Board of Directors in January 2026. Frédéric Arnault has been appointed CEO of Loro Piana, effective June 10. Pierre-Emmanuel Angeloglou has been appointed Deputy CEO of Christian Dior Couture, effective April 15. "The...
Mar 12, 2025
See the latest haute couture collection from Christian Dior at Paris Haute Couture Week.
Jan 30, 2025
French luxury group Christian Dior recorded revenue of 84.7 billion euros in 2024, up 1 percent on an organic basis. In the fourth quarter, organic revenue growth was 1 percent, accelerating with respect to the third quarter. The company said in a statement that the result was achieved despite a challenging economic and geopolitical environment,...
Jan 29, 2025
French luxury fashion house Dior has unveiled a capsule collaboration with Italian heritage brand Stone Island that launches this July. In a statement, Dior said the collaboration came from a “shared passion for perfection and excellence in processes and clothing shapes,” and celebrates the legacy of Christian Dior and that of Massimo Osti, the...
May 14, 2024
LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...
Apr 17, 2024
Christian Dior group recorded revenue of 86.2 billion euros in 2023, equating to organic growth of 13 percent. In the fourth quarter, organic revenue growth came to 10 percent. Profit from recurring operations stood at 22.8 billion euros for 2023, up 8 percent, while the group share of net profit amounted to 6.3 billion euros, up 9 percent. The...
Jan 29, 2024
Christian Dior is continuing its love affair with New York, following its holiday takeover at Saks Fifth Avenue, with a catwalk show in the city for its women’s pre-fall 2024 collection on April 15. The show will take place at the Brooklyn Museum as a tribute to the “unwavering ties forged between Dior and the United States from the very...
Jan 10, 2024
French luxury fashion house Dior has transformed the 10-story façade of Saks’ New York flagship store on Fifth Avenue with a ‘Carousel of Dreams’ window display and theatrical light show, alongside in-store installations and a digital pop-up to celebrate the holiday season. The immersive festive takeover features the “most extensive” holiday...
Nov 21, 2023
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded third quarter organic revenue growth of 9 percent to 19, 964 million euros down from a 17 percent rise in the second quarter. Organic revenue growth of 14 percent to 62,205 million euros in the first nine months of 2023. The company said in a statement that after taking into account...
Oct 11, 2023
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 21 billion euros in the first quarter of 2023, up 17 percent compared to the same period of 2022. Organic revenue growth was 17 percent. The company said in a release that LVMH had an excellent start to the year, within a geopolitical and economic environment which remains...
Apr 13, 2023