LVMH Fashion Sales Drop 5% as China Turns, While Shein's UK Arm Passes £2.5bn
Wednesday, October 14, 2026 · 7 min
LVMH opened luxury's third-quarter season with fashion and leather goods down 5%, worse than consensus, as Chinese demand weakened. Shein's UK filings show £2.58bn in sales ahead of the end of the £135 duty break, and a Fashionphile report has Matthieu Blazy's Chanel bags reselling above retail.
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LVMH opened luxury's third-quarter season with fashion and leather goods down 5%, worse than consensus, as Chinese demand weakened. Shein's UK filings show £2.58bn in sales ahead of the end of the £135 duty break, and a Fashionphile report has Matthieu Blazy's Chanel bags reselling above retail.
In this episode
- LVMH’s Fashion Sales Fall 5% in Q3 | Vogue — Vogue
“Revenue from LVMH’s fashion and leather goods division fell 5% to €8.24 billion, versus consensus expectations of a 2% decrease. This follows a return to positive growth for the all-important division in Q2 (+1%), which was seen as an inflection point after seven consecutive…”
- Shein's UK sales hit £2.58bn as £135 duty break nears its end — The Founder Gazette — The Founder Gazette
“Shein's UK division sold £2.58bn of goods last year, up 26 per cent on the £2.05bn it reported for 2024, according to accounts filed at Companies House.”
- Matthieu Blazy’s Arrival at Chanel Sent Secondhand Prices Soaring Above Retail Ones, Says New Report — Samantha Conti
“Luxury re-commerce platform Fashionphile, which trades in pre-owned designer handbags, shoes, watches, fine jewelry and accessories, said secondhand buyers have been paying 13 percent above the retail price for the Chanel Souplissimo and the Archetype Tote, and 15 percent above…”