Chanel posted revenues of $19.3 billion in 2025, marking a 1.8 percent rise on a constant currency basis. Operating profit climbed 5.2 percent to $4.7 billion as the French luxury house recovered from a sales drop in 2024.
Global CEO Leena Nair credited record investments made in 2024 for the improved performance. The company opened 41 new boutiques last year and spent $700 million on supply chain integration while maintaining high capital expenditure levels.
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Sports car maker Porsche reported a 91.4 percent profit drop for 2025, reducing net profit to 310 million euros. Revenue fell by about ten percent to 36.3 billion euros, weighed down by strategic shifts, challenges in China, and US tariffs. New CEO Michael Leiters plans a company realignment.
Lanvin Group reported an 18% year-on-year decline in revenues to €240 million for fiscal 2025, amid macroeconomic challenges and an ongoing transformation. The company highlighted improvements in adjusted EBITDA and direct-to-consumer sales despite brand-specific declines.
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LVMH announced first-quarter sales rose 1% organically to €19.12 billion. Fashion and leather goods sales fell 2% to €9.25 billion, better than the prior quarter but below expectations. The Middle East conflict impacted growth by about 1 percentage point.
Rolex reported a 4 percent increase in sales to CHF 11 billion in 2025, marking the first time it reached this milestone, according to the annual Swiss Watcher report by Morgan Stanley and LuxeConsult. Despite a 2 percent drop in production, the brand accounted for about 33 percent of the Swiss watch industry's total sales, moving around one million watches. Other major brands also saw strong performances, though Swatch Group disputed the report's estimates for its Omega brand.
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Analysts forecast accelerated growth for the global luxury sector in 2026, with China’s consumer spending rebound as a key driver despite challenges from a volatile property market and oil shocks from the war in Iran. HSBC, Deutsche Bank and BNP Paribas predict global sales growth of 5.5 to 6 per cent.
Kering CEO Luca de Meo presented his 'ReconKering' strategy at the company's Capital Markets Day in Florence on Thursday, aiming to reposition the luxury group as a top challenger. The plan targets doubling the recurring operating margin to around 2030 and outperforming market sales growth. De Meo, who joined from Renault last year, highlighted recent challenges including flat first-quarter sales and Gucci's decline.
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Europe's largest software maker SAP reported six percent revenue growth to 9.6 billion euros in Q1 2026, driven by cloud software revenues. CEO Christian Klein highlighted momentum in artificial intelligence. The company expects only moderate growth for the full year.