In 2025, French luxury stocks experienced a rollercoaster ride on the stock market, reflecting changes in global demand for high-end products. The financial markets’ reactions to quarterly results only reinforced this sense of uncertainty…
LVMH : a rebound that came too late
LVMH saw its share price fluctuate sharply throughout the year, from a fairly solid start to a period of significant decline in the spring, followed by a rebound at the end of the year. These fluctuations followed the publication of results that were deemed to be below expectations, particularly in the first quarter in April, when sales fell by 3% on a comparable basis compared to 2024. The share price fell by more than 8% the day after the results were published, and the recovery was slow. The second quarter was hardly any better for Bernard Arnault’s group, which only managed to rebound in the third quarter.
The sharp fall in the share price in the middle of the year can also be explained by the dominance of Hermès, whose share price even temporarily surpassed LVMH in terms of market capitalization the day after the first-quarter results were announced.
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Read also > Stock market : What can the luxury sector expect in 2025 ?
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