LVMH 2025 net profit drops 13% to 10.9B euros

PARIS, France — The world’s leading luxury group, LVMH, saw net profit slide 13 percent in 2025 to 10.9 billion euros ($13.1 billion) as an exceptional tax on large French companies weighed on its bottom line. But sales at the company, best known for Louis Vuitton handbags, Dior fashion, Moet & Chandon champagne and Tiffany