The watch and jewellery business of LVMH Moët Hennessy Louis Vuitton achieved a five-percent organic growth in the first quarter of 2014 year-on-year, with revenue totaled 607 million euro, said an official report of the Paris-based company on 9 April 2014.
According to the report, performance of the group’s boutiques was good. It said the numerous innovations at TAG Heuer, Hublot and Zenith presented at Baselworld 2014 received a warm welcome from distributors. “Bulgari celebrated its 130th anniversary with the opening of its renovated flagship boutique in Rome’s Via dei Condotti, and enriched its offer with new creative and iconic collections.”
The group recorded an overall 4-percent increase in first-quarter revenue to 7.2 billion euro. Organic revenue grew by 6-percent compared to the same period in 2013. Growth in the United States and Asia, especially Japan, were strong, the report noted.
LVMH’s watch and jewellery group includes Bulgari, Chaumet, Fred, De Beers Diamond Jewellers Ltd, TAG Heuer, Dior Watches, Zenith and Hublot.
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