LVMH H1 revenues dip 4% to €39.8bn amid softened luxury demand
The luxury group said sales were stable in the US and grew in Europe, while Japan declined due to a prior-year comparison lifted by tourist spending

LVMH has reported a 4% fall in revenues to €39.8bn (£34.7bn) for the first half of 2025, which the luxury fashion group attributed to geopolitical and economic disruption.