Category: Hublot

The concept of watch fairs has been a controversial topic for the past years. Obsolete, too expensive, not flexible enough… We’ve seen multiple brands leaving Baselworld or the SIHH, and even more of them complaining about this very idea of trade fairs. Solutions were found though, with the Geneva- and the Basel-based shows uniting forces and coordinating their dates from 2020. Still, the situation isn’t perfect for some. While still attending Baselworld 2020, LVMH’s Watchmaking Division has decided to add a date to the product launch schedule, by creating its own, private “Pre-Baselworld event” in Dubai, on January 2020.

Today, just after the closing of the Paris Stock Exchange, luxury powerhouse LVMH (Louis Vuitton Moët Hennessy) announced its First-Half 2018 results. After showing strong results at the end of the year 2017, the group continues its progression, both in terms of sales and profitability. As for the Watches and Jewelry Division, the brands under portfolio follow the same trend, with a strong growth again for sales and profits.

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, recorded revenue of EUR 42.6 billion in 2017, an increase of 13% over the previous year. The group also shows a sustained growth in organic revenue, with a 12% increase. The group profit is up 18%, at EUR 8,293 million. All business divisions recorded double-digit organic growth, with the exception of Wines and Spirits. For what is our main concern here, the watchmaking industry, LVMH (owner, among others, of TAG Heuer, Hublot, Zenith and Bulgari) reports an ‘Excellent year for Bvlgari and good progress at Hublot and TAG Heuer’.