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Amid a tough landscape for luxury, LVMH’s beauty category is no longer immune to the broader global slowdown.
Organic revenue in the conglomerate’s perfumes and cosmetics division fell by 1 percent to 2.2 billion euros in the first quarter of 2025, down from 2 percent growth in last year’s fourth quarter. Reported revenue was flat.
This was despite fact that fragrances “continued to outperform,” said LVMH director of financial communications Rodolphe Ozun on the earnings call. The…
