财报数据显示整体营收利润双双下滑，但丝芙兰、珠宝业务等却成为抵抗市场寒冬的一抹亮色，老牌奢 侈品巨头LVMH正在调整策略，静候市场复苏。 近日，LVMH集团公布2025年全年财报。数据显示，集团全年总营收为808.07亿欧元，同比下滑5%；经 常性经营利润下降9%至177.5亿欧元，净利润下跌13%至108.8亿欧元。 | Change in revenue by business group (EUR millions and percentage) | 2025 | 2024 | 2025/2024 Change | | 2023 | | --- | --- | --- | --- | --- | --- | | | | | Published | Organic (a) | | | Wines and Spirits | 5,358 | 5,862 | -9% | -5% | 6,602 | | Fashion and Leather Goods | 37,770 | 41,060 | -8% | - Car | 42,169 | | Perfumes and Cosmetics | 8,174 | 8 ...

Group 1 - The CFO of LVMH stated that DFS's losses are narrowing but have not yet reached breakeven [1] - The company will retain certain brands only if it is a reasonable operator for them [1] - Moët Hennessy plans to potentially start delivery activities in the second half of 2026 [1]