The reshuffle comes at a critical juncture for LVMH in China. In its full-year 2025 results, the group reported revenue of 80.81 billion euros, down 4.6% year on year. Recurring operating profit fell 9% to 17.76 billion euros, while net profit declined 13% to 10.88 billion euros.
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"[In] the 1960s [it] turned out, in hindsight, we had a near-endless schedule margin there," Isaacman said. "That is certainly not the case today. I'd say this is very, very close from a timeline perspective."