Revenue from the group’s watch and jewellery brands decreased by 2 per cent on a year-on-year comparison, reaching €2.44 billion ($AUD4.01 billion) for the three months ending 31 March.
LVMH oversees the operations of more than 70 brands, including Tiffany & Co., Bulgari, Kering, and TAG Heuer. In a report, the decline in sales was attributed to global conflict, among other factors.
"Amid a geopolitical and economic environment particularly disrupted by the conflict in the Middle East, LVMH remains vigilant yet confident at the start of the year," the report reads.
"The Group remains focused on the development of its brands, driven by a sustained policy of innovation and investment as well as by a constant quest for quality in its designs, their desirability and their selective distribution."
Group revenue declined by 6 per cent on a year-on-year comparison, ending at €19.12 billion ($AUD31.43 billion).
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