Sales at LVMH’s key fashion and handbags division returned to growth for the first time in two years as the luxury leader benefited from strong US sales and a recovery in demand at Dior under new creative director Jonathan Anderson.Revenue at the Paris-listed group’s fashion and leather goods business rose 1 per cent organically year-on-year to €8.9 billion (US$10.12 billion; S$13.08 billion) in the second quarter, slightly below consensus analyst estimates.The increase ended a run of seven consecutive quarters of declines amid a luxury market weighed down by geopolitical turbulence and steep price rises by LVMH and other leading houses.Sales at Louis Vuitton and Dior grew during the second quarter, with Vuitton increasing sales at a similar rate to the broader business and Dior “slightly above”, said LVMH chief financial officer Cecile Cabanis.Anderson has been under pressure to quickly gain traction with clients in the face of formidable competition from Chanel. Cabanis said the arrival of Anderson’s new collections in stores had strengthened sales of Dior handbags and ready-to-wear fashion lines.
Jonathan Anderson acknowledges the audience at the end of Dior's fashion show for the Women Ready-to-wear Spring/Summer 2026 collection as part of the Paris Fashion Week, in Paris on October 1, 2025. (Photo: Julien De Rosa/AFP)
