Group 1: LVMH Performance and Strategy - LVMH's revenue for the first half of the year decreased by 4% to €39.8 billion, with operating profit dropping 15% to €9 billion [1] - The fashion and leather goods segment saw a 9% decline in sales, significantly impacting overall performance [1] - LVMH is considering divesting non-core assets, including the potential sale of Marc Jacobs for approximately $1 billion, to streamline its brand portfolio [3] Group 2: Moncler Financial Results - Moncler reported a slight revenue increase of 1% to €1.226 billion, but net profit fell by 15% to €153.5 million, indicating signs of fatigue after ten consecutive quarters of double-digit growth [6] - The profit decline is attributed to increased marketing expenses and uneven market recovery, highlighting ongoing profitability pressures [6] - Moncler plans to implement a small price increase of around 5% in the second half of 2025 to offset initial tariff impacts [6] Group 3: Longchamp's New Venture - Longchamp has signed an exclusive licensing agreement with Interparfums to enter the perfume market, with the first fragrance expected to launch in 2027 [7] - The partnership with Interparfums will cover the creation, production, and distribution of the fragrance line, with the licensing period lasting until 2036 [7] - Longchamp's core product line, the Le Pliage bag, has contributed to a projected 20% sales growth in the fiscal year 2024, with significant increases in Europe and the U.S. [9]