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Japanese 11-year-old wins Asian Games eSports gold
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TikTok agrees to teen limits in US settlement following Meta
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Iran proposes Hormuz plan, Trump reportedly refuses
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Venezuela's oil cradle pins hopes on US energy deals
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El Nino rewrites the menu in the world's top restaurants
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US, China buy time with trade truce as pressure builds
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Pope to hold giant mass on Champs-Elysees
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TikTok to pay Alabama $100 mn under pre-trial settlement
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Lula bans sports betting days ahead of Brazil's election
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Internationals take 7-3 Presidents Cup lead after foursomes sweep
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Guatemala ensures survival of vulnerable 'fossil' fish
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Brazil team returns to Colombian site of doomed jet crash
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Mancini finds positives in Italy loss, accepts fans' jeers
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Mbappe injured as Zidane wins on France debut, Italy lose on Mancini return
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Alcaraz helps Europe into Laver Cup lead
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Senegal draw in Vieira debut, Nigeria survive scare as Cape Verde crash
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Six missing after building collapses in historic Athens district
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U2 performs surprise 50th anniversary gigs in Dublin
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Mbappe scores but suffers knee injury as Zidane gets debut France win
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Pope calls worshippers 'saints of France' after AI warning
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Mancini's Italy return spoiled by Belgium defeat
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US court sides with Pentagon in Anthropic AI ban
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Rodri confident in Man City innocence despite reported charges
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Wall Street stocks rise, greeting optimism over possible US-Iran deal
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Jay-Z rape accuser says she made 'false accusations'
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NFL players chief raises concerns over pitch for Maracana game
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Senegal draw first match under Vieira and Nigeria survive scare
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Daytime Russian attacks kill seven in Kyiv
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Trump, Xi end summit long on pomp, but short on progress
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Russia not preparing for conflict with Europe, Putin says
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French youth await pope after AI 'paradise of machines' warning
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Trump's photo of Xi greeting carries signs of AI
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Man City found guilty of Premier League charges, set to appeal: reports
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Six missing after building blast in historic Athens district
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Embolo follows Xhaka out of Swiss squad over fake Covid documents
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Millions in US northeast brace for powerful storm
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Trump, Xi inspect founding documents of US democracy to close summit
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Assefa seeks 'better than my best' at Berlin marathon
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'Bottle Claus': Kipchoge's 'hero' helping runners chase Berlin marathon glory
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US court refuses to overturn Pentagon ban on Anthropic
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Olympic medallist Samba-Mayela handed provisional doping ban
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Verstappen and Norris blame slow cars as Mercedes tops qualifying
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First US trial against TikTok to open Monday
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Crowds cheer pope in Paris after AI 'paradise of machines' warning
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Palmer misses 'too many' England games, says Tuchel
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Teen swimmer makes Games history as Thai, Chinese sprinters win gold
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UN refugees chief warns conditions in W.Sahara 'deteriorating'
LVMH 2025 net profit drops 13% to 10.9 bn euros
The world's leading luxury group, LVMH, saw net profit slide 13 percent in 2025 to 10.9 billion euros ($13.1 billion) as an exceptional tax on large French companies weighed on its bottom line.
But sales at the company, best known for Louis Vuitton handbags, Dior fashion, Moet & Chandon champagne and Tiffany jewellery, also dropped by five percent to 80.8 billion euros as tariffs and geopolitical uncertainty hit consumer sentiment.
The wines and spirits division took the hardest hit with a nine percent drop in sales.
However the top fashion and leather goods division, which accounts for nearly half of overall sales, also saw an eight percent drop in sales.
LVMH said it "showed good resilience and maintained its innovative momentum despite a disrupted geopolitical and economic environment" last year.
"Despite a geopolitical and macroeconomic environment that remains uncertain, the Group remains confident" for 2026, it added in its earnings statement.
Revenue also dropped by 5.1 percent in the final quarter of 2025 from the same period in 2024.
LVMH said sales in the United States grew in the second half of 2025 thanks to solid demand.
D.Schlegel--VB