本届进博会上，宝格丽以"创新永续 匠艺臻传"为主题，聚焦珠宝艺术与科技的交织共生 两座造型相似的"狮子戏球"，同被奉为尊贵权力的象征，一件来自中国，一件来自意大利。 "我们共享着源远流长的文化基因，在艺术表达与建筑智慧中早已埋下相通的密码。"本届进博会上，宝格丽首席 执行官让·克里斯托夫·巴宾（Jean-Christophe Babin）以这场跨越时空的共鸣开启分享。 在他看来，为自身传承而自豪的中意两国消费者，同样对深厚文化底蕴的本土珠宝艺术怀抱热爱——黄金、翡翠 与祖母绿的交相辉映，无论是象征符号的运用还是材质的选择，东方美学都与罗马传统展现出同频共振。 "宝格丽自罗马的千年传统、匠心技艺与文化符号中汲取灵感，中国本土珠宝品牌则从中华文明的悠久历史、精妙 工艺与美学意象中获得启迪，打造出动人心魄的瑰丽珠宝。这份奢侈品领域特有的文化亲近感，正推动着中国珠 宝市场的蓬勃发展。" 作为社交媒体上最活跃的高端消费品品牌CEO之一，巴宾每年数次到访，始终乐观看待中国市场的经济韧性。去 年夏天，他带着妻子、小女儿花了三周时间到各处旅游，深度体验风土人情，"我们都很喜欢中国"。 巴宾2013年加入宝格丽，那是上一个农历 ...

Core Insights - LVMH Moët Hennessy Louis Vuitton reported a revenue of €58.1 billion for the first nine months of 2025, showing resilience amid geopolitical and economic disruptions [1] - The company experienced a 1% organic growth in the third quarter, with improvements across all business groups and regions, except for Europe where tourist spending declined [1][2] Revenue Performance - **Overall Revenue**: Total revenue for the first nine months of 2025 was €58.1 billion, a decrease of 4% compared to the same period in 2024 [2] - **Wines & Spirits**: Revenue decreased by 7% to €3.9 billion, with a slight organic growth of 1% in Q3 [2][4] - **Fashion & Leather Goods**: Revenue fell by 8% to €27.6 billion, with a decline of 2% in Q3 [2][5] - **Perfumes & Cosmetics**: Revenue remained stable at €6.0 billion, with a 2% organic growth in Q3 [2][6] - **Watches & Jewelry**: Revenue decreased by 2% to €7.4 billion, with a 2% organic growth in Q3 [2][7] - **Selective Retailing**: Revenue grew to €12.6 billion, with a 7% organic growth in Q3 [2][8] Regional Performance - **Europe and the United States**: Stable performance with solid local demand, but Europe faced a decline in tourist spending due to currency fluctuations [1] - **Japan**: Experienced a decline compared to 2024, which had benefitted from increased tourist spending [1] - **Rest of Asia**: Notable improvement in trends compared to 2024 [1] Business Group Highlights - **Wines & Spirits**: Slight organic growth in Q3, with improved performance in champagne and wines [4] - **Fashion & Leather Goods**: Resilience shown through local customer engagement and successful product launches, including La Beauté Louis Vuitton [5] - **Perfumes & Cosmetics**: Continued innovation with successful product launches, maintaining stable revenue [6] - **Watches & Jewelry**: Organic growth driven by successful product lines and exhibitions [7] - **Selective Retailing**: Strong performance from Sephora and improved trends in DFS [8] Outlook - LVMH remains confident in its strategy to enhance brand desirability and maintain its global leadership position in luxury goods despite economic uncertainties [9]