Tag Archives: LVMH

LVMH’s jewellery and watch division records 20% organic revenue growth in Q1

LVMH has recorded a 20% organic revenue growth to €959 million (£828m) for its jewellery and watch brands during the first quarter of 2018. This division performed better than all the luxury conglomerate’s other business groups, and it also tops the 13 percent organic growth the overall company registered for the first quarter of the year. LVMH’s

Revenues at LVMH hit a record-breaking £36.9 billion

LVMH Moët Hennessy Louis Vuitton ended 2017 with a 13% surge in sales to €42.6 billion (£36.9 billion), according to accounts published on Friday. The group’s Watch and Jewelry Division notched a 12% increase in sales, after adjustment for currency fluctuations. Profit from recurring operations reached €8.3 billion, an increase of 18%. “LVMH achieved another

LVMH reports 14% sales increase for the first nine months of 2017

LVMH has reported a 14% increase in revenue, reaching €30.1 billion (£26.7bn), for the first nine months of 2017. All business groups recorded double-digit organic growth, with the exception of Wines and Spirits. Sales of jewellery and watches, which include Chaumet and Bulgari, rose by 13% to €2.8 billion (£2.4bn) in the nine months to

De Beers Group takes full control of retail arm in LVMH buy-out

The De Beers Group has assumed total control of its eponymous retail brand, De Beers Diamond Jewellers, after purchasing LVMH’s 50% shareholding. De Beers Diamond Jewellers’ retail network comprises 32 stores in 17 key consumer markets around the world. This includes a growing business in greater China and with Chinese clients worldwide, an established presence

LVMH’s Jewellery & Watches division sees profits leap 53% in 2015

Despite a gloomy economic backdrop luxury products group LVMH’s Jewellery and Watches division saw profits leap by 53% in 2015. In a difficult global market for luxury jewellery sales with contracting international markets, unfavourable currency rates and geopolitical instability, LVMH’s jewellery and watches division saw revenues swell to €3.31bn (£2.54bn) in 2015 from €2.78bn (£2.14bn)

Richemont reaches out to LVMH to create online megastore for all luxury brands

Richemont’s executive chairman has reached out to the heads of LVMH and Kering with an offer to join forces to create a global online portal for their luxury brands. LVMH houses luxury jewellery brands Chaumet, Bvlgari and De Beers, Richemont boasts Cartier, Piaget, Van Cleef & Arpels, while Kering has Gucci and Belanciaga. The path