FRANCE/INTERNATIONAL. Luxury goods group LVMH Moët Hennessy Louis Vuitton posted revenue of €57.1 billion in the first nine months of 2026, down by -2% year-on-year on a reported basis and up +2% in organic terms.
In the third quarter, organic revenue growth reached +1% year-on-year, which a statement said reflected “a less buoyant environment in China, while the United States, Europe and Japan saw good growth”.
The company described the performance overall as “very solid in an uncertain geopolitical and economic environment”.
In Selective Retailing, LVMH confirmed that most of DFS Group’s businesses have been sold. For the division, revenue dipped by -1% in the nine months with organic growth reaching +6%, led by a strong Sephora performance.
The Wines & Spirits business group grew revenue by +3% (+5% organic) year-on-year. The Champagne business saw further signs of recovery that began earlier this year. Hennessy Cognac posted “good momentum” in Asia, while the US market benefited from the launch of the new VS range of ready-to-serve cocktails.
The Fashion & Leather Goods business group saw revenues slide by -4% (-2% organic), benefiting from the buoyant US market but hit in the third quarter by a slowdown in demand in China.
In the Perfumes & Cosmetics business group, revenue dipped -2% (flat in organic terms).
Parfums Christian Dior benefited from the launches of J’adore Intense, Sauvage Extrait and eau de parfum versions of Dior Addict. In high perfumery, new signature scents were unveiled within La Collection Privée.
Good momentum in makeup – driven by Forever and Backstage in particular – also contributed to the Maison’s performance. Guerlain saw substantial growth, driven by the launch of its L’Heure Bleue scent, plus L’Art & La Matière and Aqua Allegoria fragrance collections, as well as accelerating growth in Rouge G lipstick. Parfums Givenchy focused on the development of L’Interdit. Maison Francis Kurkdjian expanded its Oud collection and Acqua di Parma celebrated its 110th anniversary.
The Watches & Jewelry business group recorded +4% growth (+8% organic) in the first nine months, driven by a strong performance in jewellery. ✈
