# LVMH (MC.PA): Fashion & Leather sales fall 5% as Q3 growth slows to 1%

> LVMH's Q3 organic sales grew just 1%, down from 3% in Q2. Fashion & Leather Goods, its biggest division, fell 5% as weaker China demand outweighed US…

- URL: https://centiview.com/post/lvmh-mc-pa-fashion-and-leather-sales-fall-5-in-q3-as-growth-slows-to-1
- Published: 2026-10-13T18:15:00.000Z
- Sectors: Consumer & Retail
- Region: Europe
- Ticker: MC
- Sentiment (opinion, not a recommendation): bearish
- Publisher: Centiview (Persie Ltd, London)
- General information only, not financial advice

LVMH's Q3 organic sales grew just 1%, down from 3% in Q2. Fashion & Leather Goods, its biggest division, fell 5% as weaker China demand outweighed US strength; Selective Retailing rose 8%. Nine-month sales were €57.1B, up 2% organically. $MC.PA

> **Why it matters** Fashion & Leather Goods is LVMH's largest division, so a 5% organic drop weighs on the group. Deutsche Bank said the miss could mean further cuts to 2026 and 2027 earnings forecasts, though it calls the weakness cyclical rather than structural.

> **What we verified** FashionUnited and IndexBox both report Q3 organic growth of 1%, Fashion & Leather Goods -5%, Watches & Jewelry +6% and Selective Retailing +8%, with nine-month revenue of about €57.1B (+2% organic). Both cite weaker China demand against solid US, Europe and Japan.

### Sources
- [LVMH Q3 organic revenue growth slows amid China downturn (FashionUnited)](https://fashionunited.uk/news/business/lvmh-q3-organic-revenue-growth-slows-amid-china-downturn/2026101390823)
- [LVMH Q3 2026 Results: Revenue Up 1.2%, Organic Growth Slows to 1% (IndexBox)](https://www.indexbox.io/blog/lvmh-q3-2026-revenue-rises-12-to-eur185-billion-as-china-weakness-hits-fashion-and-leather-goods/)