Overview
- Third-quarter revenue reached about €3.88 billion, up 9.6% at constant currency, with a €254 million foreign-exchange headwind weighing on reported figures.
- Leather goods grew 13.3% and remained the key driver, while perfume and beauty declined 7.2% at constant currency.
- Management cited a very slight improvement in Greater China, aligning with cautious signs of stabilization flagged by peers.
- The Americas advanced 14.1% at constant exchange rates, including U.S. sales up 7.2% to €714 million, and Japan rose 13.8%.
- The house reaffirmed its tightly controlled production pace of roughly 6–7% annually and set a staged menswear transition to Grace Wales Bonner, with the first collection slated for January 2027 after Véronique Nichanian’s final show in January 2026.