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US Justice Dept releasing new batch of Epstein files
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South Africa and Israel expel envoys in deepening feud
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French eyewear maker in spotlight after presidential showing
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Olympic dream 'not over', Vonn says after crash
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Brazil's Lula discharged after cataract surgery
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US Senate races to limit shutdown fallout as Trump-backed deal stalls
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'He probably would've survived': Iran targeting hospitals in crackdown
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Djokovic stuns Sinner to set up Australian Open final with Alcaraz
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Mateta omitted from Palace squad to face Forest
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Gold, silver prices tumble as investors soothed by Trump's Fed pick
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Trump attorney general orders arrest of ex-CNN anchor covering protests
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Djokovic 'pushed to the limit' in stunning late-night Sinner upset
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Tunisia's famed blue-and-white village threatened after record rains
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Top EU official voices 'shock' at Minneapolis violence
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Kremlin says agreed to halt strikes on Kyiv until Sunday
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Carrick calls for calm after flying start to Man Utd reign
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Djokovic to meet Alcaraz in Melbourne final after five-set marathon
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Italian officials to testify in trial over deadly migrant shipwreck
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Iran says defence capabilities 'never' up for negotiation
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UN appeals for more support for flood-hit Mozambicans
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Lijnders urges Man City to pile pressure on Arsenal in title race
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Fulham sign Man City winger Oscar Bobb
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Strasbourg's Argentine striker Panichelli sets sights on PSG, World Cup
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Jesus 'made love': Colombian president irks Christians with steamy claim
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IAEA board meets over Ukraine nuclear safety concerns
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Eurozone growth beats 2025 forecasts despite Trump woes
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Israel to partially reopen Gaza's Rafah crossing on Sunday
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Dutch PM-elect Jetten says not yet time to talk to Putin
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Social media fuels surge in UK men seeking testosterone jabs
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Forest face Fenerbahce, Celtic draw Stuttgart in Europa League play-offs
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US speed queen Vonn crashes at Crans-Montana, one week before Olympics
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Trump nominates former US Fed official as next central bank chief
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Alcaraz defends controversial timeout after beaten Zverev fumes
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New Dutch government pledges ongoing Ukraine support
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Newcastle still coping with fallout from Isak exit, says Howe
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Chad, France eye economic cooperation as they reset strained ties
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Real Madrid to play Benfica, PSG face Monaco in Champions League play-offs
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Everton winger Grealish set to miss rest of season in World Cup blow
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Trump brands Minneapolis nurse killed by federal agents an 'agitator'
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Arteta focuses on the positives despite Arsenal stumble
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Fijian Drua sign France international back Vakatawa
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Kevin Warsh, a former Fed 'hawk' now in tune with Trump
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Zverev rails at Alcaraz timeout in 'one of the best battles ever'
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Turkey leads Iran diplomatic push as Trump softens strike threat
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Zelensky backs energy ceasefire, Russia bombs Ukraine despite Trump intervention
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'Superman' Li Ka-shing, Hong Kong billionaire behind Panama ports deal
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Skiing great Lindsey Vonn crashes at Crans-Montana, one week before Olympics
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Slot warns Liverpool 'can't afford mistakes' in top-four scrap
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Paris show by late Martin Parr views his photos through political lens
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'Believing' Alcaraz outlasts Zverev in epic to reach maiden Melbourne final
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LVMH 2025 net profit drops 13% to 10.9 bn euros
The world's leading luxury group, LVMH, saw net profit slide 13 percent in 2025 to 10.9 billion euros ($13.1 billion) as an exceptional tax on large French companies weighed on its bottom line.
But sales at the company, best known for Louis Vuitton handbags, Dior fashion, Moet & Chandon champagne and Tiffany jewellery, also dropped by five percent to 80.8 billion euros as tariffs and geopolitical uncertainty hit consumer sentiment.
The wines and spirits division took the hardest hit with a nine percent drop in sales.
However the top fashion and leather goods division, which accounts for nearly half of overall sales, also saw an eight percent drop in sales.
LVMH said it "showed good resilience and maintained its innovative momentum despite a disrupted geopolitical and economic environment" last year.
"Despite a geopolitical and macroeconomic environment that remains uncertain, the Group remains confident" for 2026, it added in its earnings statement.
Revenue also dropped by 5.1 percent in the final quarter of 2025 from the same period in 2024.
LVMH said sales in the United States grew in the second half of 2025 thanks to solid demand.
R.Chavez--AT