Louis Vuitton’s New Zealand business saw a modest uplift in profitability last year, despite a decline in sales.

Revenue for the year ended December 31 fell nearly 3.3 per cent to $79.5 million, according to its annual report filed earlier this week.

Net profit after tax, on the other hand, rose 3.1 per cent to $18.41 million.

The cost of goods sold decreased from $41.8 million in 2024 to $39.1 million last year, while finance costs decreased from $627,000 to zero.

Louis Vuitton NZ is owned by Louis Vuitton Malletier SA, a subsidiary of French luxury giant LVMH. 

The brand currently has three stores nationwide, two in Auckland and one in Queenstown. 

Last year, LVMH saw its revenue decrease 5 per cent on a reported basis and 1 per cent on an organic basis. Net profit dropped 13 per cent.

Aside from Louis Vuitton, LVMH owns other luxury brands including Christian Dior, Celine, Loewe, Tiffany & Co, Bvlgari, Hennessy and Sephora.

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