Bernard Arnault, the CEO of LVMH, tried to ensure the duration of investors The General Assembly of Shareholders held in Paris on Thursday, April 17: “Our situation is far from worrying,” he said. The actions of the world’s largest luxury company have been fighting in the Paris Stock Exchange, especially since the launch of its disappointing revenues of the first quarter on Monday. “The economic climate is more challenging. It makes us think. What are our goals? Increase sales? Or always sacrifice most?” The billionaire said.
According to Arnault, the sector is not experiencing a “structural crisis.” Faced with a 2% decrease in the activity in 2024 and a 17% drop in net gains compared to 2023, LVMH begged 2025 with a bad note. Their sales fell 2% in the first three months. Many uncertainties close on their career in the next quarters, starting with tariffs imposed by Washington at the entrance of the United States (currently 10%), a market that represents a quarter of LVMH sales.
Arnault has advocated “negotiations between the European Union and the United States” and for the establishment of a free trade zone between the two economic powers. To avoid “high” potentiats, it has not ruled out the increase in its “US productions.” The group operates three Louis Vuitton factories in California and Texas, as well as workshops for the jeweler Tiffany & Co.
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