News

Advanced Search

LVMH Jewelry and Watch Revenue Jumps

Oct 10, 2019 5:30 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry and watch sales in the third quarter, led by a strong performance at its Bulgari brand, it said Wednesday.

Revenue for the category increased 8% to EUR 1.13 billion ($1.24 billion) for the three months ending September 30.

Growth at Bulgari was led by sales in its self-owned stores, while its Serpenti, B.Zero1, Diva and Fiorever lines, as well as the new Serpenti Seduttori watch collection, were strong performers. Watch brand TAG Heuer performed well, as did Hublot, which made “solid progress,” benefiting from new models from several collaborations, the luxury group said.

In the first nine months of the year, revenue from jewelry and watches advanced 8% to EUR 3.26 billion ($3.59 billion).

Group sales for the third quarter — including jewelry, wines and spirits, fashion, and cosmetics — grew 16% to EUR 38.4 billion ($42.31 billion).

Image: The Bulgari flagship store on Fifth Avenue, New York. (LVMH)
Tags: B.Zero1, Bulgari, diva, Fiorever, hublot, LVMH, LVMH Moët Hennessy Louis Vuitton, Rapaport News, Serpenti, Serpenti Seduttori, Tag Heuer
Similar Articles
NRFNRF Predicts Rise in Holiday Sales
Oct 06, 2019
The National Retail Federation (NRF) has forecast a strong rise in US holiday sales, as a healthy economy outweighs
Diamond engagement ringUBS Predicts Drop in Diamond-Jewelry Sales
Oct 02, 2019
Global diamond-jewelry demand will decline 2% this year as stock-market volatility in the US is likely to affect consumer sentiment,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.