LVMH Q2 Sales Climb 19%, Offsetting Slower China

A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. (Reuters)
A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. (Reuters)
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LVMH Q2 Sales Climb 19%, Offsetting Slower China

A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. (Reuters)
A logo of LVMH is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. (Reuters)

Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US and China helped it offset a new round of lockdowns in China.

LVMH, which owns dozens of high-end labels such as Tiffany, said sales came to 18.73 billion euros ($18.95 billion) in the second quarter, beating analyst expectations for 17.13 billion euros in a Visible Alpha consensus cited by UBS.

The growth pace in the second quarter was a tad slower than in the first three months of 2022, when group sales had climbed by 23%.

Demand for fashion and leather goods from its star labels Louis Vuitton and Dior eased up slightly from high levels at the start of the year, rising by 19% in the quarter, as flows of travelling shoppers returning to Europe helped to mitigate disruptions to business in China.

LVMH has been tapping into strong, post-pandemic demand for its designer labels as socializing resumes and shoppers continue to spend savings from lockdowns, brushing off concerns about turbulent stock markets and rising prices.

The company's strong second quarter is setting the tone for rivals, with Gucci-owner Kering reporting its own first half results on July 27 and Hermes on July 29.



Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
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Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)

Dolce & Gabbana beckoned the warm weather with crumpled, take-me-anywhere comfort in their menswear collection for spring-summer 2026, previewed during Milan Fashion Week on Saturday.

The show opened and closed with a relaxed pajama silhouette — deliberately rumpled and effortless — in a clash of stripes, with both shorts and long trousers.

The Beethoven soundtrack belied designers Domenico Dolce and Stefano Gabbana’s more deliberate intent, underscoring the designers' structured approach to soft tailoring.

A broad shoulder double-breasted suit jacket and tie worn with pink pinstriped PJ pants encapsulated the classic summer dilemma: work vs. pleasure.

Raw knitwear, or furry overcoats, added texture. Boxers peeked out of waistbands, and big shirt cuffs out of jacket sleeves, challenging formal and casual codes.

Nothing was cleaner on the runway than a crisp striped pajama top in sky-blue and white stripes tucked into white leather Bermuda shorts — good for work and for play.

The designers' finale featured pajama suits, shorts and pants, with beaded floral patterned embroidery for an evening seaside shimmer, worn with fuzzy sliders. Twin cameo brooches gave an antique accent.

The crowd outside got to share in the fun when the finale models took the looks onto the streets, taking a full lap outside the designers’ Metropol theater. Front-row guests included actors Zane Phillips, Theo James, Lucien Laviscount and Michele Morrone.