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 to the US tariffs situation and a difficult economy in China. This has undoubtedly started to affect sales of luxury goods and will continue to do so if clarity doesn’t come back. Yet, in this uncertain situation, LVMH showed a certain resilience for Q1 2025 and maintained strong sales in some business areas, including Watches & Jewelry. 

Sales for the group in the first quarter of 2025 are reported at EUR 20,311 million, down 3% compared to the same period in 2024 (EUR 20,694 million). The LVMH Group indicates that “the United States saw a slight decline, despite a good performance in Fashion & Leather Goods and in Watches & Jewelry. Japan was down with respect to the first quarter of 2024, which had been boosted by strong growth in Chinese consumer spending in the country. The rest of Asia saw trends comparable to 2024.”