Luxury group LVMH has reported revenues of €41.7 billion for the first six months of 2024, down by 1.3% year on year. By Leatherbiz.

Its leathergoods division registered revenues of €20.8 billion, down by 2%. Within this, it said its Louis Vuitton brand had had a good start to the year “driven by its high-quality strategy”.

It said Christian Dior had also continued to show “remarkable creative momentum” driven by the “desirability of the collections designed by Maria Grazia Chiuri and Kim Jones”.

Also among the group’s highlights in the first six months of the year, it said the success of a leathergoods collection called Triomphe that Hedi Slimane designed for Celine had met with impressive demand.

Another leathergoods-focused brand, Loewe, launched its first major exhibition in Shanghai, commissioned by Jonathan Anderson, as a tribute to Spanish heritage and commitment to craftsmanship, while Fendi launched a line called Pequin, reinterpreting its signature stripe.

Chief executive, Bernard Arnault, said: “The results for the first half of the year reflect LVMH’s remarkable resilience, backed by the strength of its maisons and the responsiveness of its teams in a climate of economic and geopolitical uncertainty.”

He added that, while remaining “vigilant in the current context”, the group was approaching the second half of the year with confidence, and will count on “the agility and talent of its teams” to cement its position in luxury goods in 2024.