-
Top NBA Draft pick Dybantsa to miss opener with ankle sprain
-
All who profited from fund scandal 'identified': Turkish minister
-
Italy sends troops, toughens security laws after Milan clashes
-
Christina Applegate says she was misdiagnosed with MS
-
Alberta separatists vow to fight on, risking turmoil for Canada
-
Ronaldo let Man Utd down says Ten Hag
-
Two men re-arrested for suspected spying for Iran in airbase scare: UK police
-
Meta says it complied with Brazil court order to treat candidates equally
-
Guatemalan man gets 30 years for truck smuggling deaths of 53 migrants
-
Inequality is major factor in impact of non-communicable diseases : WHO
-
'Clayface' gets under the skin of the superhero genre
-
Italy to send 500 troops to Milan after clashes
-
Zelensky, US envoys hold Oslo talks as Ukraine claims US missile holdup
-
BBC slashes 100 jobs, closes two channels
-
All-rounder Minhas stars as Pakistan crush England in tri-series
-
Tech jitters lead stocks lower, oil surges then slides
-
Bavuma hits 179, Rabada strikes as South Africa dominate
-
Wild West Wing? Turmoil revives memories of Trump 1.0
-
Allrounder Minhas stars as Pakistan crush England in tri-series
-
Tap water no longer drinkable near South Africa capital
-
Albania PM blames 'hybrid war' for week of unrest
-
Arsenal coach Arteta always a leader, says former teammate Gnabry
-
Bavuma hits 179 to lead South African fightback
-
Investors pledge 230 billion euros at German summit: Merz
-
Solid GM results overshadowed by latest jump in commodity costs
-
Emery adamant injuries 'no excuse' for Aston Villa
-
Houthi attacks undermine Saudi Arabia's economic ambitions
-
UN demands aid access to besieged Yemen city Taiz
-
French PM vows 'massive' police deployment for new demonstrations
-
Faletau still in Tandy's plans despite being left out of Wales squad
-
Power outage hits Google Cloud services, disrupting UK banks
-
Stock markets retreat as oil rises again
-
AI challenges maths by solving the unsolvable
-
Those who profited from fund scandal 'identified': Turkish minister
-
Turkey troops to stay in Syria, Iraq 'until border security ensured', defence minister tells AFP
-
At half a century, Senegal's Orchestra Baobab bets on new generation
-
Kulusevski a 'different man' after emotional Spurs return
-
O'Connor, Sivakov join Seixas at Decathlon CMA CGM
-
Nawaz and Minhas lift Pakistan to 302-9 in England ODI
-
Faletau left out of Wales squad for Nations Championship
-
Mourinho warns no 'untouchable' stars at Real Madrid
-
Rubio says India diversifying oil, trade deal 'very close'
-
Indonesian anger builds over wildfires, toxic haze
-
October 20 Milestones Trace Decades of Kuwait’s Development
-
Tamil Nadu and Puducherry Face Return of Very Heavy Rain
-
Asian Technology Shares Slide as Investors Reassess AI Boom
-
James Maddison Leads Tottenham to First League Victory of Season
-
Marco Rubio Travels to India as Trade Talks Reach Difficult Stage
-
Tamil Nadu Adds 25 State-Funded Workdays for Eligible Rural Households
-
Veteran Character Actor Richard Riehle Dies at 78
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