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

Louis Vuitton Moët Hennessy (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.Group-wide organic revenue rose 2 per cent during the first half of 2026, accelerating from the 1 per cent organic growth reported in the second half of last year. Growth accelerated to 3 per cent in the second quarter, even though the war in the Middle East cost the group a percentage point of organic growth, according to LVMH.