After the “bomb” that was dropped by Rolex, Tudor, Patek Philippe, Chopard and Chanel earlier this week, concerning their decision to leave Baselworld, there is no longer any doubt about the (low) relevance of Baselworld for major brands. Subsequently, we have just been told that all four LVMH Brands, those from the watch Division – […]
As a first reliable indicator of the impact of COVID-19 on the luxury industry, the French powerhouse and market leader, LVMH has just announced its results for the first quarter of 2020. A period that accounts for the first weeks of lockdown and closed shops, both for the Asian and European markets. With sales down […]
Year after year, the publication of the annual results of LVMH is no more a surprise… Growth has become the norm for the world’s largest luxury group, which operates in multiple businesses such as fashion, wine, perfumes, selective retailing and, of course, watches and jewellery – the group is the owner of Bvlgari, Hublot, TAG […]
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.