The Spanish luxury house continues to accelerate its growth. Loewe SA, the principal operating company of the LVMH -owned brand, posted turnover of €885.2 million in the 2024 financial year, up 9.2% on the previous year.

The sales momentum did not prevent a decline in net income, according to the business daily Expansión, citing the accounts filed by the company with the Mercantile Registry. The company's profit declined 24% year-over-year to €157 million, primarily due to a broad-based increase in operating costs. The entire profit was distributed to shareholders, the majority of whom were affiliated with LVMH through its Dutch (76.72%) and French (23.28%) subsidiaries. In total, Loewe has distributed more than €600 million in dividends to the luxury group over the past four financia

See Full Page