The world’s Number One company underperformed in 2024, with a near-stagnation in sales and a decline in earnings. However, CEO Bernard Arnault looks forward to 2025 with confidence, as certain brands (Dior, Tiffany) post double-digit growth.

 

The year 2024 will not go down in history, but 2025 will be a year of hope…

 

On January 28,LVMH announced a 1% like-for-like increase in sales to 84.7 billion euros in 2024. This is “despite a difficult economic and geopolitical environment, and a high basis for comparison after the years of exceptional post-Covid growth”, the group points out in a press release.

 

Small organic growth

 

At the press conference to present these results, Bernard Arnault, CEO of the world leader in luxury goods, stressed that this was “a small amount of organic growth, contrary to what many of you expected”. Royal Bank of Canada, for example, was expecting a 3% decline.

To continue reading this article, subscribe or log in to your account

Discover our plans

Subscribe for 1€

Become an active member of the community of luxury leaders.

Read also > LVMH declines in the third quarter of 2024

 

Featured Photo: © Unpslash

Picture of Sophie Michentef
Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.
Luxus Magazine Automne/Hiver 2024

Luxus Magazine N°9

Available now

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Special offer

Subscription from 1€ for the first month

Luxus Plus Newsletter