Latest

First half net profit plunges 22% at French luxury group LVMH
First half net profit plunges 22% at French luxury group LVMH
Economy
by  AFP

French luxury group LVMH saw net profit plummet 22 percent in the first half of 2025, the company announced Thursday, blaming the plunge on an "unsettled economic and geopolitical" backdrop. In the wake of the US president's April 2 "Liberation Day" tariff announcements, Arnault, Europe's richest man, saw Hermes overtake LVMH as the world's most valuable luxury company.