Fashion

LVMH and Kering both post 6% Q1 declines; Hermès bright spot

LVMH revenue fell 6% to €19.1B. Kering down 6%; Gucci tumbled 14.3%. Hermès posted +5.6% and stood apart. Middle East tensions are hammering luxury. 2026 outlook darkened.

Primary sources · 2
CNBCBoF
← View the full 2026-05-17 (Sunday) issue
What you're reading now arrives in your inbox daily at 21:00 UTC.

Get today's brief every day at 21:00 UTC

7 must-reads · 17 fields · tracked storylines delivered to your inbox daily. Pick only the fields you want; unsubscribe anytime.

Past issues →