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LVMH’s private equity fund LVMH Luxury Ventures has acquired a stake in the French niche perfume brand BDK Parfums. This minority investment is intended to enable the brand, founded in 2016 by David Benedek, to expand internationally, open new flagship boutiques, and broaden its range of products.
— Read more in LVMH Luxury Ventures acquires minority stake in BDK Parfums at Premium Beauty News.
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Interparfums, the Paris-based fragrance maker reported Q2 2025 sales of €211.4 million in its second quarter, 3.3% higher than the €209.9 million recorded in the same period last year. Timing of product launches and tariff-generated supply chain disruptions put pressure on US operations, resulting in a 20% decrease from the prior year's period.
— Read more in Interparfums US Performance Down 20% in Q2 at BeautyMatter.
LVMH has reported a decrease in revenues for the first half of 2025. The luxury French conglomerate saw revenues decline 4% to €39.8bn, with profits from recurring operations also decreasing 15% to €9.01bn. LVMH’s Perfumes and Cosmetics division reported revenues of €4.08bn, down 1% for the first six months of the year. Sephora’s performance within the Selective Retailing business group was hailed for strong revenue growth, however, particularly for new store openings globally.
— Read more in LVMH’s downturn in revenues shored up by beauty and Sephora at Cosmetics Business.
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Shares of LVMH plunged 7.8% on Tuesday, losing its position as the world’s largest luxury firm to rival Hermès after an unexpected decline in first-quarter sales. LVMH reported a 3% year-on-year fall in first-quarter sales in a trading update published shortly after the market close on Monday, missing consensus analyst expectations for slight growth.
[...] LVMH shares on course for the worst session since March 2020. A 0.2% increase in the share price of Hermès saw the Birkin bag-maker’s market capitalization surpass that of LVMH.
— I meant to post this news when it came out in mid-April but I didn't! If you still want to know, read more in Luxury LVMH dethroned by Hermès as world’s most valuable luxury stock after sales miss at CNBC, or see LVMH perfume and cosmetics sales remain flat at The Industry.
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On the heels of fashion month, French conglomerate LVMH confirmed what the industry has been feeling for months: The luxury sector is slowing. But during its earnings call for the third quarter of 2024, the owner of Dior and Louis Vuitton shared a bright spot amid an overall decline: fragrance. For the first nine months of 2024, LVMH reported a 5% increase in revenue in its perfume and cosmetics division compared to the same period in 2023, reaching €6.1 billion ($6.6 billion) in revenue.
— Read more in Fragrance remains a bright spot at LVMH amid luxury decline at Glossy.
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Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday.
LVMH shares were last down by 3.86% at 2:02 p.m. London time. Other luxury sector stocks, including Gucci-owner Kering which is set to report earnings on Wednesday, also retreated.
— Read more in World’s largest luxury group LVMH slumps 4% after second-quarter revenue miss at CNBC.