LVMH Moët Hennessy Louis Vuitton said its Watches & Jewellery business group recorded revenue growth of 23% to €7.57 billion in the first nine months of 2022 compared with €6.16 billion in the same period in 2021.
The luxury group said, “Tiffany & Co. was driven by strong momentum in the United States. The ‘Vision & Virtuosity’ exhibition at the Saatchi Gallery in London, celebrating the 185th anniversary of the House, was a great success. The new collection of Lock unisex bracelets was rolled out in North America.
The Watches & Jewellery division accounted for 13% of LVMH’s overall group revenue of €56.48 billion registered in the nine-month period, an increase of 28% year-on-year.
“Bulgari continued to strengthen its iconic collections. Its new high jewellery and watch line Eden: The Garden of Wonders was showcased in Shanghai and Beijing, and the Maison’s jewellery creation and manufacturing talent were revealed in the film ‘Inside the Dream’.”
LVMH added, “Chaumet’s “Végétal” exhibition celebrated nature over the course of the summer in Paris. Fred opened its first retrospective exhibition at the Palais de Tokyo in Paris, which is a huge success.”