LVMH Reports Growth in Watch and Jewelry Businesses

By John Jeffay / October 18, 2022 / www.idexonline.com / Article Link

(IDEX Online) - LVMH reports a 23 per cent growth in revenue (16 per cent organic) for it watches and jewelry businesses in the first nine months of 2022.The French luxury conglomerate said growth across all it sectors - including wines and spirits, fashion and leather goods, and perfumes and cosmetics - was 28 per cent for the same period, with a total revenue of $55.6bn.LVMH (Louis Vuitton Moet Hennessy) said Tiffany & Co. was driven by strong momentum in the US and noted the success of its gender-neutral Lock diamond and gold bracelets (pictured), priced from $6,800 to $32,000.It also said Bulgari continued to strengthen its collections and TAG Heuer had unveiled its new Caliber E4 - Porsche Edition smart watch. Hublot is official timekeeper the 2022 Football World Cup in Qatar.In other LVMH news, CEO Bernard Arnault, the world's second richest man, has reportedly sold his private plane, after constant criticism on Twitter. 

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok