As reported by the Australian Financial Review, the company recorded a 3.7 per cent increase in profit in the past financial year, despite a slight decline in revenue.
LVMH employs more than 400 people across 13 retail stores in Australia and paid a $137 million dividend in 2025, a significant increase from $113 million in 2024. The report also noted that the company paid $40 million in taxes in Australia.
“The Australian Taxation Office has stepped up its scrutiny of foreign-based companies in recent years, picking fights with multinationals including Coca-Cola, Alcoa, Chevron and a host of US tech giants, over their tax payments,” writes Simon Evans.
He added: “The trend indicates even high-income earners are feeling the pinch from cost-of-living pressures, with surging fuel prices brought on by the Middle East conflict stoking inflationary pressures across the economy.”
LVMH oversees the operations of more than 70 brands, including Tiffany & Co., Bulgari, Kering, and TAG Heuer and attributed the recent decline in revenue to the impact of global conflict and economic pressures.
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