{"id":6814,"date":"2021-01-29T15:08:26","date_gmt":"2021-01-29T09:38:26","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=6814"},"modified":"2021-03-31T15:10:32","modified_gmt":"2021-03-31T09:40:32","slug":"lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/","title":{"rendered":"LVMH Revenue From Jewellery &#038; Watches Falls By A Quarter In 2020"},"content":{"rendered":"\n<p>LVMH Mo\u00ebt Hennessy Louis Vuitton, the global luxury goods giant, said its combined watches and jewellery division\u2e3acomprising Bvlgari, Tiffany &amp; Co., and Chaumet\u2e3aregistered Covid-related declines in revenue and profit for Q4 and the full year 2020.<\/p>\n\n\n\n<p>The Watches &amp; Jewelry business group saw its revenue decline by 24% to \u20ac3.35 billion in 2020, with a strong improvement in trends in Q4, which fell merely 4.7% to \u20ac1.09 billion. Profit from recurring operations was down 59% to \u20ac302 million.<\/p>\n\n\n\n<p>The firm stated that Bvlgari was responsive and quickly capitalised on the strong recovery in China. The Maison maintained a high pace of jewellery innovation with the successful launches of its Serpenti Viper, B.Zero1 Rock and Barocko collections. Chaumet inaugurated its new store at its historic address on Place Vend\u00f4me in Paris at the start of 2020 and strengthened its presence in China.<\/p>\n\n\n\n<p>Bernard Arnault, Chairman and Chief Executive Officer of LVMH, said: \u201cLVMH showed remarkable resilience against the unprecedented health crisis the world experienced in 2020. Our Maisons have shown great agility and creative energy in continuing to bring to life our customers\u2019 dreams through a unique digital experience thereby further strengthening their desirability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LVMH Mo\u00ebt Hennessy Louis Vuitton, the global luxury goods giant, said its combined watches and jewellery division\u2e3acomprising Bvlgari, Tiffany &amp; Co., and Chaumet\u2e3aregistered Covid-related declines in revenue and profit for Q4 and the full year 2020. The Watches &amp; Jewelry business group saw its revenue decline by 24% to \u20ac3.35 billion in 2020, with a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6816,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-6814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LVMH Revenue From Jewellery &amp; Watches Falls By A Quarter In 2020 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LVMH Revenue From Jewellery &amp; Watches Falls By A Quarter In 2020 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"LVMH Mo\u00ebt Hennessy Louis Vuitton, the global luxury goods giant, said its combined watches and jewellery division\u2e3acomprising Bvlgari, Tiffany &amp; Co., and Chaumet\u2e3aregistered Covid-related declines in revenue and profit for Q4 and the full year 2020. The Watches &amp; Jewelry business group saw its revenue decline by 24% to \u20ac3.35 billion in 2020, with a&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-29T09:38:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-31T09:40:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/Ring.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/Ring.jpg\",\"width\":1100,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/\",\"name\":\"LVMH Revenue From Jewellery & Watches Falls By A Quarter In 2020 - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/#primaryimage\"},\"datePublished\":\"2021-01-29T09:38:26+00:00\",\"dateModified\":\"2021-03-31T09:40:32+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/lvmh-revenue-from-jewellery-watches-falls-by-a-quarter-in-2020\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=6814"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6814\/revisions"}],"predecessor-version":[{"id":6817,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/6814\/revisions\/6817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/6816"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=6814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=6814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=6814"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=6814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}