29-7-2019
The world’s largest luxury group by revenues, LVMH’s jewellery and watch sales up 4 percent for the first half of 2019 despite the category is the group’s weakest performer. The United States, Asia and Europe, particularly in France saw good growth.
The main growth drivers among the jewellery category are:
Bvlgari’s lines Serpenti, B.Zero1, Diva and Fiorever and Cinemagia
Chaumet’s lines Bee My Love and Liens and Josephine
For its watch brands, Tag Hauer has continued to hold back growth and has its focus on the flagship lines, while Hublot continued to actively grow and develop its store network. The first exhibition of LVMH Swiss watch Maisons is scheduled for January 2020 in Dubai.
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