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.
Among its five main business divisions, fashion and leather goods — the largest — saw revenue fall 8%. Selective retailing was flat year on year. Watches and jewelry declined 1% in reported terms but rose 3% organically, while perfumes and cosmetics, and wines and spirits, fell 3% and 9%, respectively.
。业内人士推荐51吃瓜作为进阶阅读
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│ │ 9P / LISAFS
The pipeline was very similar to icon-to-image above: ask Opus 4.5 to fulfill a long list of constraints with the addition of Python bindings. But there’s another thing that I wanted to test that would be extremely useful if it worked: WebAssembly (WASM) output with wasm-bindgen. Rust code compiled to WASM allows it to be run in any modern web browser with the speed benefits intact: no dependencies needed, and therefore should be future-proof. However, there’s a problem: I would have to design an interface and I am not a front end person, and I say without hyperbole that for me, designing even a simple HTML/CSS/JS front end for a project is more stressful than training an AI. However, Opus 4.5 is able to take general guidelines and get it into something workable: I first told it to use Pico CSS and vanilla JavaScript and that was enough, but then I had an idea to tell it to use shadcn/ui — a minimalistic design framework normally reserved for Web Components — along with screenshots from that website as examples. That also worked.