LVMH, the world’s foremost luxury conglomerate, has released its Q1 2025 sales figures, covering the period ending March 31. While the group ended 2024 on a strong note with a slight revenue uptick that compensated for mid-year dips, the broader geopolitical and economic context has grown increasingly uncertain. Challenges such as U.S. tariff tensions and economic headwinds in China have begun to impact luxury consumption. Nevertheless, LVMH demonstrated resilience in the first quarter of 2025, maintaining solid performance in select segments — particularly Watches & Jewelry.