LVMH’s fashion and leather division reports 1% organic growth in second quarter

The French luxury brand has also seen persisting positive momentum in China for Hennessy cognac since the 2026 Chinese New Year

(LVMH) reported a 1 per cent organic growth in the second quarter at its core fashion and leather goods division on Monday, ending seven straight quarters of decline, opening a busy week of French luxury results on a positive note.

Over the first half, organic sales at the fashion and leather goods division fell 1 per cent, an improvement on the 3 per cent decline in the second half of 2025 and the 7 per cent drop in the first, with the group noting a “rapid acceleration” in the United States.

The Wine and Spirit division saw 5 per cent organic growth during the first half of the year, a visible improvement from the 4 per cent decline in the second half of 2025. Notably, the group saw persisting positive momentum for Hennessy cognac in China since the Chinese New Year, according to LVMH.

The group’s cognac sales had previously plunged in China since Beijing imposed provisional anti-dumping duties on European brandy as retaliation to Brussels’ tariffs on made-in-China electric vehicles.