The fashion and leather goods business group was down 2 per cent on an organic basis in the first quarter of 2026, impacted by the geopolitical conflict
French luxury giant LVMH has said that the ongoing conflict in the West Asia is impact the company and had a negative impact of around 1 per cent on organic growth for the first quarter of 2026. In Europe and Japan, resilient local demand helped to partly offset lower tourist spending, the company said.
Global quarterly sales at the owner of brands including Louis Vuitton and Dior and others rose by 1 per cent on a constant consolidation scope and currency basis. The United States experienced a good start to the year and Asia (excluding Japan) saw strong growth, confirming the improvement in trends observed starting in the second half of 2025, the company said.
“LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of 19.1 billion euros in the first quarter of 2026. LVMH maintained its powerful innovative momentum and showed good resilience in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East,” the company said.
Segment-wise Growth
The fashion and leather goods business group was down 2 per cent on an organic basis in the first quarter of 2026, impacted by the conflict in the Middle East. Louis Vuitton celebrated the 130th anniversary of its Monogram canvas and paid tribute to its iconic bags.
“At Christian Dior, the first products designed by Jonathan Anderson gradually arrived in stores and were immensely popular. In leather goods, new designs as well as the reinterpreted version of the iconic Lady Dior had an excellent start,” the company pointed out.
The wines and spirits business group recorded organic revenue growth of 5 per cent in the first quarter of 2026. The champagne business had a good start to the year, particularly in Europe. Moët and Chandon began its second season as the Official Champagne of Formula 1 Grand Prix races, the company added.
The perfumes and cosmetics business group, for which revenue remained stable on an organic basis in the first quarter of 2026. The company added that The watches and Jewellery business group recorded organic revenue growth of 7 per cent in the first quarter of 2026. Tiffany achieved an excellent performance, the company said. The Maison continued to renovate its store network and strengthen its iconic product lines.
“Amid a geopolitical and economic environment particularly disrupted by the conflict in the Middle East, LVMH remains vigilant yet confident at the start of the year,” the company pointed out.
In selective retailing, organic revenue growth came to 4 per cent in the first quarter of 2026. Sephora continued to achieve solid revenue growth in all its regions and to gain market share, the statement noted.
