LVMH posted a 1% increase in third-quarter sales, buoyed by stronger spending in China and other Asian markets, excluding Japan. The world’s largest luxury group reported «noticeable» improvement in Asia, revealing positive overall results for the first time in 2025, according to Reuters.
Quarterly revenue rose to $21.17 billion, beating expectations for flat growth. Even the fashion and leather goods division, which includes Louis Vuitton and Dior, reported a 2% drop from last year, a much better result than the 9% in the previous quarter.
LVMH CFO Cecile Cabanis acknowledged ongoing challenges such as currency fluctuations and...