LVMH sees Watches and Jewelry revenues surge 49%

LVMH’s Watches and Jewelry enterprise group recorded natural income development of 49% within the first 9 months of 2021 in comparison with the identical interval of 2020.

The group additionally noticed a rise in 4% in comparison with 2019, excluding Tiffany, which was consolidated for the primary time in 2021. 

Pushed by the “rising success” of its merchandise, Tiffany noticed an elevated efficiency, significantly in the USA, its main market. 

The rise in revenues comes as a number of of its model homes revealed new collections this 12 months.

Bvlgari rolled out its new line of high-end jewelry, Magnifica, and celebrated its Serpenti creations on the Metamorphosis exhibition in Milan. 

Chaumet additionally launched a brand new excessive jewelry assortment referred to as Torsade, impressed by “the motion of the frieze adorning the column of the Place”.

In watchmaking, TAG Heuer launched a restricted Tremendous Mario version of its sensible look ahead to gaming fans.

LVMH mentioned that with a gradual exit from the well being disaster, the group is “assured within the continuation of its present development”.

It’s going to “keep a method centered on repeatedly strengthening the desirability of its manufacturers” by counting on the “authenticity and high quality of its merchandise, the excellence of their distribution and the reactivity of its organisation”.

Written by colin

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