Top News Flash | LVMH Group’s Q1–Q3 Revenue Exceeds €5.7 Billion; LOEWE Collaborates with On to Launch New Capsule Collection; Nike Unveils New China-Originated Product Line

▐ Financial Results ▐ LVMH Group’s Q1–Q3 Revenue Exceeds €5.71 Billion Fashion Unbound reports that, for the third quarter of 2026 ending September 30, LVMH Group posted organic revenue growth of 1% to €18.504 billion. Total revenue for the first nine months of the year declined 2% year-on-year to €57.148 billion, but rose 2% on an organic basis. By division: The Fashion & Leather Goods division recorded an organic revenue decline of 5% to €8.245 billion in Q3, with Dior, Loro Piana, and Rimowa delivering relatively stable performance; the Watches & Jewelry division achieved organic growth of 6% to €2.5 billion; the Perfumes & Cosmetics division grew 1% to €2.008 billion; the Wines & Spirits division rose 6% to €1.429 billion; and the Selective Retailing division increased 8% to €4.07 billion. By region: Asia (excluding Japan) saw organic revenue decline 5% in Q3; the U.S., Europe, and Japan posted revenue growth of 5%, 4%, and 6%, respectively. Cécile Cabanis, LVMH Group’s Chief Financial Officer, noted that the slowdown in Asia—particularly driven by reduced discretionary spending among Chinese consumers—does not reflect any structural or exceptional factors impeding recovery; rather, it simply requires more time. Givaudan’s Q3 Sales Rise 8.6% Fashion Unbound reports that Swiss flavor and fragrance giant Givaudan posted a comparable-sales increase of 8.6% to CHF 2.092 billion in Q3, exceeding market expectations. By business segment: the Fragrance & Beauty division achieved a comparable-sales rise of 13.5% to CHF 1.14 billion, serving as the primary growth driver; the Taste & Wellbeing division grew 3.5% to CHF 0.952 billion. In response to rising raw-material costs, the group implemented price increases to offset cost pressures and stated that sales volumes have risen consistently over the past nine months. ▐ Fashion Highlights ▐ LOEWE x On Collaboration Launches New Capsule Collection According to Fashion Unbound, LOEWE and Swiss sportswear brand On have teamed up again to launch a new footwear and ready-to-wear collection inspired by the relationship between artistic exploration and physical movement. This collaboration features the Cloudsolo Hiker—a hiking-inspired casual shoe—and the Cloudtilt Cosmic—a lightweight casual sneaker—both integrating outdoor functionality and On’s proprietary CloudTec® Phase cushioning technology. Reportedly, the campaign was shot by photographer Rosie Marks and stars artists Joan Jonas, Martine Syms, and Tarek Atoui, exploring connections among bodily perception, artistic creation, and everyday life through movement in both natural and urban settings. Nike Unveils New China-Originated Product Line Fashion Unbound reports that, marking its 45th anniversary in the Chinese market, Nike has launched a new China-originated product line, developed exclusively by Nike’s dedicated China-based Product Creation team—further strengthening the brand’s R&D and innovation capabilities in China. Reportedly, the new collection draws inspiration from the daily lives, sports communities, and street culture of young Chinese consumers, integrating athletic functionality, contemporary aesthetics, and individual expression into product design—covering diverse lifestyle scenarios.

Half-Year Revenue Hits RMB 40 Billion; IFF—the Global Flavor & Fragrance Giant—‘Holds Steady’

Recently, International Flavors & Fragrances Inc. (IFF) released its financial results for the second quarter of fiscal year 2025 and key consolidated financial data for the first half of the year. From a financial-performance perspective: 1. Revenue Total revenue for the first six months of FY2025 amounted to USD 5.607 billion (approximately RMB 4.0008 billion), down 3.13% year-on-year from USD 5.788 billion. Second-quarter sales reached USD 2.764 billion (approximately RMB 1.9722 billion), a 4% decline year-on-year—but up 3% on a currency-adjusted basis. 2. Profit Net loss for the first six months of FY2025 totaled USD 405 million, compared to net income of USD 233 million in the same period last year. Pre-tax profit for Q2 stood at USD 534 million, while adjusted EBITDA was USD 552 million (approximately RMB 3.939 billion); on a currency-adjusted basis, adjusted EBITDA rose 6%. This loss may stem from expenses related to business divestitures, rising operational costs, or underperformance in certain business segments. International Flavors & Fragrances Inc. (IFF) is a global leader in flavors, fragrances, and functional ingredients, providing sensory experiences and nutritional-health solutions for industries including food, beverages, personal care, home care, and pharmaceuticals. In 1889, Josef Polak and Leopold Schwarz co-founded Pollak & Schwarz in the Netherlands—a company producing fruit flavors and essential oils—which soon became one of Europe’s most important flavor producers. Early in World War II, the company merged with U.S.-based Van Ameringen-Haebler, Inc., a firm specializing primarily in perfumery. In 1958, the global businesses were fully consolidated under the name International Flavors & Fragrances (IFF). By business segment: ① Taste Segment Q2 revenue reached USD 631 million, with broad-based growth across all regions. Adjusted EBITDA totaled USD 125 million. Q2 adjusted operating EBITDA margin stood at 19.8%; on a currency-neutral, comparable basis, operating EBITDA rose 3%.

International Flavors & Fragrances Inc. stock outperforms competitors on strong trading day

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International Flavors & Fragrances Inc. shares rose 3.81% to close at $88.20, outperforming broader market indices during a decline. This marks the company's second consecutive day of gains despite overall market weakness.

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