Watches & Jewelry Lead The Way For LVMH In First QuarterApril 08, 18
(IDEX Online) – LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, recorded revenue of 10.9 billion euros for the first quarter 2018, an increase of 10%.
In the first quarter of 2018, its Watches & Jewelry business group recorded organic revenue growth of 20%.
"Bvlgari enjoyed an excellent performance and continues to gain market share thanks to the strength of its iconic lines Serpenti, B.Zero1, Diva and Octo," the luxury goods group commented. "Chaumet unveiled its new high-end jewelry collection.
"The innovative products presented by LVMH’s watch brands at the Baselworld Watch and Jewelry Fair were very well received, including Hublot’s Big Bang Sapphire Tourbillon, Bvlgari’s Octo Finissimo Automatic Tourbillon and new models in the iconic Monaco and Carrera lines at TAG Heuer and Defy at Zenith."