# French luxury giant LVMH LVMUY said the Iran war shaved at least 1 per cent off its total group sales in the last quarter.

*business · news · 2026-04-14 · The Globe and Mail*

## Key points

- LVMH reported that the Iran war reduced its total group sales by at least 1 percent last quarter.
- Mall traffic in the Gulf region, which accounts for 6 percent of LVMH turnover, dropped by 30-70 percent.
- LVMH's core leather and fashion division saw its seventh consecutive quarter of declining revenues, down 2 percent organically.
- Despite global weakness, LVMH's U.S. sales grew organically by 3 percent in the first quarter.

**Companies:** LVMH, Kering
**Countries:** France, Iran, United States

[Read the full story on The Globe and Mail](https://www.theglobeandmail.com/business/international-business/article-luxury-lvmh-results-iran-war-louis-vuitton-hennessy-dior-bulgari/)

---

Canonical: https://newsio.io/n/8007c310-0bd6-44a1-981c-f357e97ddf4c/french-luxury-giant-lvmh-lvmuy-said-the-iran-war-shaved-at-least-1-per-cent-off
Summarized by Newsio from The Globe and Mail. https://newsio.io/how-it-works