LMVH praises Bulgari, TAG Heuer

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LMVH’s watch and jewellery department experienced healthy gains in sales and revenue this year, with TAG Heuer’s new smartwatch and Bulgari acting as star players.

According to a company statement, the group recorded revenue growth at comparable exchange rates of 8 per cent and 19 per cent on a reported basis. Profits from recurring operations also leaped 53 percent.

“Bulgari had an excellent year driven by its iconic creations and its new Diva and Lucea collections,” said the statement. “[The brand’s] stores delivered excellent performances.”

Moreover, noted the report, “TAG Heuer launched with enormous success its smartwatch…while continuing to develop its core offering.” CJ

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