LVMH Quarterly Sales Rise Slightly on Sephora and Jewelry

· Beauty & Fashion · France · China

LVMH reported slightly higher third-quarter sales, helped by its selective retail arm Sephora and by jewelry, while its core fashion and leather goods business slipped. The group took in 18.5 billion euros (US$20.6 billion) in the quarter, according to the results published Monday, October 13. A slowdown in China weighed on the fashion and leather goods division, which houses Louis Vuitton, Dior and Celine; Hennessy is among the group's drinks brands. For the beauty industry, the result matters because Sephora is one of the largest global beauty retail channels, and its resilience is offsetting weakness elsewhere in the portfolio. The figures land as luxury groups face uneven demand, with Chinese consumers spending less on high-end fashion.

Why it matters：Sephora's strength inside a soft luxury quarter signals that beauty retail is holding up better than high-end fashion, a split that will shape how brands and retailers allocate investment.

Key points

  • Group sales reached 18.5 billion euros (US$20.6 billion) in the third quarter.
  • Selective retail and jewelry drove growth; fashion and leather goods fell.
  • A China slowdown hit the group's largest division.

Sources (original reporting)

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