Luxury Power Trio at Global Fashion Agenda: LVMH Joins as Strategic Partner

LVMH takes a step towards sustainability. Danish non-profit organization Global Fashion Agenda (GFA) has welcomed luxury giant LVMH as a strategic partner, which will collaborate with industry companies to implement biodiversity, climate, transparency and circularity solutions across the global fashion ecosystem. This collaboration takes place within the framework of New York Climate Week.

“We build partnerships for a new era, as collaborations are essential to support our vision of a sustainable industry, and we are proud to bring together such a valuable group of strategic partners to accelerate impact,“ said Federica Marchionni, CEO of GFA.

As part of New York Climate Week, the conglomerate joins other luxury brands already part of the organization, such as Ralph Lauren, Kering and Chanel, as well as other industry giants such as Nike, Bestseller, Target and H&M Group. LVMH’s absence, however, was notable within the luxury sector, as its competitors had been part for several years, specifically Chanel joined in 2024 and Kering in 2017.

LVMH closed the first half of 2025 with a 4% drop in sales and a 22% decline in net income

As a strategic partner of the entity, LVMH will collaborate with companies in the sector with the aim of implementing collective and cross-sectoral actions in critical areas such as circularity, decarbonization, social equity and climate adaptation.

The French company, a world leader in the luxury industry, closed the first half of the current financial year with sales of €39.81 billion, a 4% drop compared to the €41.67 billion it posted in the same period of 2024.

The company’s net income, meanwhile, fell by 22% to €5.69 billion, from €7.26 billion in the same period last year. Operating income fell by 15% to €9.01 billion.