Slight Dip for LVMH Watch and Jewelry Sales
July 28, 25
(IDEX Online) - Watch and jewelry sales at LVMH slipped by 1 per cent and profits fell 13 per cent during the first half of 2025.
Revenue for the sector was EUR 5.09bn USD 5.98bn, according to the company's latest financial update.
Profit from recurring operations at its watch and jewelry brands - including Bvlgari, Tiffany & Co., Chaumet, Fred, Repossi, TAG Heuer, Hublot and Zenith - fell from EUR 877m (USD 1.03bn) to EUR 762m (USD 895m), largely as a result of ongoing investments in store renovations and communications.
LVMH said: "Tiffany & Co. continued the successful expansion of its iconic lines and the global rollout of its new store concept inspired by The Landmark in New York."
Revenue across LVMH's 75 maisons fell 4 per cent during the half year to EUR 40bn (USD 43bn) and profits from recurring operations were down 15 per cent to just over EUR 9bn (USD 9.7bn).
Pic shows The Landmark in New York.