Luxury group LVMH has reported revenues of €60.75 billion for the first nine months of 2024, a fall of 2% compared to the same period last year. By Leatherbiz.

Its leathergoods division achieved revenues of €29.9 billion for the nine-month period, down by 3% year on year.

The group said the performance of its leathergoods and fashion business “showed good resilience” in the first three quarters of the year.

Louis Vuitton and Christian Dior enjoyed “high visibility over the summer” with the Paris 2024 Olympic and Paralympic Games, it said.

Specific to Louis Vuitton, the group said its biggest brand had been “once again driven by its remarkable capacity for innovation”, especially in the world of travel.

It said Christian Dior had also “maintained its creative momentum”, fusing heritage and modernity, as seen in its new Miss Dior line. During the nine-month period, an exhibition called L’Or de Dior took place in Beijing, honouring, the group said, the brand’s strong ties with China “through the prism of art”.

It added that Loro Piana, Loewe and Rimowa had also “confirmed their solid momentum”.

LVMH concluded that, in an uncertain economic and geopolitical environment, it remains confident and will maintain a strategy focused on “continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organisation”.