Luxury Daily
The authority in luxury news.
April 16, 2026
  1. World Diamond Day celebrated in 50+ countries
  2. Pedro Pascal joins Chanel as house ambassador
  3. Hermès unveils new leather workshop in Gironde, France
  4. Boss to restyle Australian Open
  5. First-quarter revenue at Kering drops 6pc
  6. Chandon launches ready-to-serve spritz collection
  7. Luxury Unfiltered: The Q1 number luxury will celebrate is the one that should worry it most
  8. Bentley reveals festive commission in witty Christmas campaign
  9. Top luxury campaigns of 2024: LVMH, Paris 2024 Olympics
  10. Sustainability’s next act: From ethics to economics
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Retail

LVMH first-quarter revenue drops 15pc to $11.5B over COVID-19 lockdowns

April 16, 2020

Brave face on hard numbers: LVMH's first-quarter 2020 revenue fell 15 percent to $11.5 billion. Image credit: LVMH Brave face on hard numbers: LVMH's first-quarter 2020 revenue fell 15 percent to $11.5 billion. Image credit: LVMH

 

By Luxury Daily News Service

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, slammed by COVID-19 lockdowns in its key markets worldwide, saw first-quarter revenue drop 15 percent to $11.5 billion compared to the year-ago period, or a 17 percent fall on an organic basis.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. World Diamond Day celebrated in 50+ countries
  2. Pedro Pascal joins Chanel as house ambassador
  3. Hermès unveils new leather workshop in Gironde, France
  4. Boss to restyle Australian Open
  5. First-quarter revenue at Kering drops 6pc
  6. Chandon launches ready-to-serve spritz collection
  7. Luxury Unfiltered: The Q1 number luxury will celebrate is the one that should worry it most
  8. Bentley reveals festive commission in witty Christmas campaign
  9. Top luxury campaigns of 2024: LVMH, Paris 2024 Olympics
  10. Sustainability’s next act: From ethics to economics
VIDEOS
More Videos

MORE IN Retail
The 1916 Company sets up shop on Manhattan Beach
Schiaparelli begins Harrods takeover
Hermès opens multifloor flagship in Beijing’s Sanlitun district
Saks Global lines up $500M in exit financing for chapter 11 emergence
The RealReal combats AI fakes in ‘I Am Real’
Launching ‘The NYC Edit,’ eBay takes advice from fashion’s inner circle



RECENT ARTICLES
First-quarter revenue at Kering drops 6pc
Luxury Daily is evolving.
Burberry leans on poolside nostalgia for high summer 2026

World Diamond Day celebrated in 50+ countries
The Langham Shanghai restaurant earns second Michelin star
Mercedes-Benz prepares bespoke S-Class model for 2026 Masters