Rising losses at handbag brand Delvaux

Luxury handbag maker Delvaux just can’t seem to get out of the red. Of the past seven fiscal years, the company has posted a loss in six of them. Still, owner Richemont continues to believe in the brand.

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In the 2025–26 fiscal year ending March 31, Delvaux posted a net loss of 43 million euros, according to the business newspaper De Tijd, citing the recently filed annual report of Delvaux Créateur, the operating company of the Belgian luxury group. Of the past seven fiscal years, six ended in the red, the newspaper reports: in 2024–25, there was a loss of 33 million, and the year before that, nearly 18 million. Only in 2022–2023 was there a small profit. Accumulated losses total nearly 110 million.