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.



Armani Couture Channels Black as Maestro Misses Paris Bow for 1st Time, Days from 91st Birthday

A model wears a hat during a presentation of creations for Giorgio Armani Privé during the Women's Haute-Couture Fall/Winter 2025-26 collection show at Palazzo Armani in Paris, on July 8, 2025. (AFP)
A model wears a hat during a presentation of creations for Giorgio Armani Privé during the Women's Haute-Couture Fall/Winter 2025-26 collection show at Palazzo Armani in Paris, on July 8, 2025. (AFP)
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Armani Couture Channels Black as Maestro Misses Paris Bow for 1st Time, Days from 91st Birthday

A model wears a hat during a presentation of creations for Giorgio Armani Privé during the Women's Haute-Couture Fall/Winter 2025-26 collection show at Palazzo Armani in Paris, on July 8, 2025. (AFP)
A model wears a hat during a presentation of creations for Giorgio Armani Privé during the Women's Haute-Couture Fall/Winter 2025-26 collection show at Palazzo Armani in Paris, on July 8, 2025. (AFP)

Armani Privé opened Tuesday under an unmistakable shadow. For the first time in the 20-year history of his couture house, Giorgio Armani was not present in Paris to take his bow.

Days from his 91st birthday and following doctors’ advice after a recent hospital stay, Armani reportedly oversaw the Paris couture week show remotely from home, a moment of absence that lands heavily for a designer who has shaped every one of his brand’s collections since its founding.

The show’s theme, “Seductive Black,” played out with literal and symbolic force on the runway: black in myriad forms, from liquid velvet and lacquered silk to pavé crystals and flashes of gold. Even the models’ makeup followed suit, rendered in shades of gray.

For some in the front row, the relentless palette felt pointed. Guests quietly wondered if the choice of black was a coded message from the maestro himself.

This is not the first major show Armani has missed this season. Just weeks ago, he was forced to sit out Milan Fashion Week for the first time in the label’s history, following a brief hospitalization.

According to the brand, the absence was a precaution to save energy for his Paris couture appearance.

For decades, Armani — often referred to as “Re Giorgio,” or King George, in Italy — has been both the creative and business force behind one of fashion’s last great independent empires.

The Tuesday collection balanced tension and control. After an uncertain start, including velvet jodhpurs and stark crystalline seams, Armani’s familiar codes quickly emerged: tuxedo jackets transformed into evening gowns with plunging lapels and floating bow ties, tailored blazers worn on bare skin and military-inspired equestrian jackets paired with slim velvet pants.

Bursts of embroidery and colored feathers provided a balance from the monochrome.

Armani’s recent absences have sent ripples through the industry. In a landscape dominated by conglomerates like LVMH and Kering, Armani remains the sole shareholder of his company, personally overseeing every collection for nearly 50 years. In 2024, Armani Group reported revenues of $2.5 billion, while Giorgio Armani’s personal fortune is estimated at $11–13 billion — even as the global luxury market faces headwinds.

Armani is widely credited with redefining men’s and women’s tailoring, pioneering gender-fluidity in fashion, and inventing celebrity red-carpet dressing, from Julia Roberts to Cate Blanchett. Yet the designer himself has acknowledged that age is now a reality to deal with and that pulling back could be a necessity.

Whether the monochrome collection was a deliberate metaphor or simply a showcase of discipline, “Seductive Black” felt personal — both a mood and a message, perhaps an understated nod to a master whose presence, even in absence, remains absolute.

As the show closed, the final bow belonged to the models alone. But Armani’s vision — uncompromising and unmistakably his — filled the room.