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LVMH CEO Warns Conflict Threatens Sales, Revenue Drops 6%

4/25/2026

29 4 Full Breakdown

Summary

Story summary

LVMH CEO Bernard Arnault warned at LVMH’s 2026 AGM on 23 April in Paris that the Middle East conflict could trigger a catastrophe.
LVMH reported Q1 2026 revenue of €19.1 billion, down 6% YoY, with 1% organic growth, while conflict cut organic growth by 1%, halving expansion and moving sales from perfume to Sephora, in the UK.
The war disrupted the Strait of Hormuz, a route that carries about 20% of seaborne oil.

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Story summary

LVMH CEO Bernard Arnault warned at LVMH’s 2026 AGM on 23 April in Paris that the Middle East conflict could trigger a catastrophe.
LVMH reported Q1 2026 revenue of €19.1 billion, down 6% YoY, with 1% organic growth, while conflict cut organic growth by 1%, halving expansion and moving sales from perfume to Sephora, in the UK.
The war disrupted the Strait of Hormuz, a route that carries about 20% of seaborne oil.