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.
On Friday, he said on X that he is designating the company as “Supply-Chain Risk to National Security.” This prevents companies that do business with the Pentagon from using Anthropic’s technology, putting the AI firm in a category normally applied to firms associated with foreign adversaries such as China and Russia.
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