Bulgari, Hublot sales strong for LVMH

Lenore Fedow

LVMH reported double-digit revenue growth in its first-half results, boosted in part by a strong performance from its watches and jewelry division.
Revenue in the first half of the year totaled €25.08 billion ($27.95 billion), a 12 percent organic increase compared to the previous half-year.

Revenue for the second-quarter also increased by 12 percent year-over-year to €12.54 billion ($13.98 billion).

By region, the company reported strong growth in the United States, Asia and Europe, noting a rebound in France in the second quarter. Previously, economic protests weighed on sales in the region.

LMVH’s watches and jewelry segment raked in €2.14 billion ($2.39 billion) in revenue, a 4 percent increase year-over-year.

The company reported rapid progress in jewelry, especially in directly operated stores” and noted that Asia and Japan were the “most buoyant” regions for the segment.

Bulgari was the star of the show in the jewelry division with iconic lines such as Serpenti and B.Zero1 performing particularly well, continuing the trend of previous quarters.

The brand recently celebrated the 20th anniversary of its B.Zero1 line with an exhibition in Milan, introducing new versions of its rings and bracelets as part of a special series.

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Source National Jeweler