LVMH's first half returns to organic growth, with Japan among the markets it names as growing
LVMH's reported revenue fell 3% in the first half, but at constant currency it rose 2% — and Japan, where the group opened new flagships in Tokyo and Osaka, was one of the regions it named as posting growth.
LVMH reported first-half 2026 revenue of €38.6bn, down 3% from €39.81bn a year earlier on a reported basis, according to the group's own results release published 27 July. Stripped of currency and portfolio effects, the same period reads differently: organic revenue rose 2%, and growth accelerated across the second quarter to 3%, or 4% excluding the impact of the Middle East conflict, LVMH said.