The World Is Not Enough does not only apply to James Bond… It could also work for Bernard Arnault, the CEO of the world’s largest luxury group: LVMH. Already the owner of some of the most prestigious fashion, leather goods, hotels, vineyards, perfumes, department stores and watch/jewellery brands, the French group has just announced a […]
After the announcement by Swatch Group of declining sales for the first half of 2019, followed by Richemont Group showing solid double-digit growth over the first quarter, and mild results for Swiss watch exports (with a bad month of June 2019), it is now time for the world’s leading luxury products group, LVMH, to put […]
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.
The world’s largest luxury group LVMH (Louis Vuitton Moet Hennessy) is the first of the major groups to report its quarterly sales for 2019 – a good indicator of the state of the industry. Overall, LVMH recorded revenue of EUR 12.5 billion for the first quarter 2019, an increase of 16% compared to the same […]
LVMH, the world’s leading luxury group based in Paris, has just announced its full-year 2018 results, including those of the Watches & Jewelry division, which comprises among others Bvlgari, TAG Heuer, Zenith and Hublot. After an already impressive growth in 2017, the group again reports record growth for 2018. LVMH, for the full-year 2018, recorded […]
Over the first 9 months of 2018 LVMH, the one of world’s largest luxury goods group, recorded a 10% increase in revenues, which are now at EUR 33.1 billion, and the watches and jewelry division recorded an 8% growth. The organic growth is of +11% providing new positive signs for the luxury industry.
Over the first 9 months of 2018 LVMH, the one of world’s largest luxury goods group, recorded a 10% increase in revenues, which are now at EUR 33.1 billion, and the watches and jewelry division recorded an 8% growth. The organic growth is of +11% providing new positive signs for the luxury industry.
In an article published yesterday by French business magazine Challenges (see the article here, in French), it seems that the Watchmaking Division of LVMH (TAG Heuer, Hublot, Zenith) is about to be reshuffled. The article mentions (without sources or quotes) two important appointments: Frédéric Arnault, the 23 years old son of Bernard Arnault (CEO of LVMH), gets a new position at TAG Heuer and Stéphane Bianchi is appointed at the head of the Watchmaking Division.
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’.