It is located in Marin County, California.
Watch, jewelry sales pick up for LVMH
After falling flat in the first half of the year, LVMH’s Watches & Jewelry business group recorded organic revenue growth of 3 percent through the first nine months of the year.
Paris--After falling flat in the first half of the year, LVMH’s Watches & Jewelry business group recorded organic revenue growth of 3 percent through the first nine months of the year.
LVMH Moët Hennessy Louis Vuitton, which wants to cut back on wholesale distribution of its brands and instead focus on its own stores, said Tuesday that the performance of its watch and jewelry brands remains “excellent” in the company-operated stores, with all opening more locations worldwide.
In addition, LVMH said TAG Heuer, one of the watch brands it owns, has opened its new movement manufacturing facility. More watchmakers are investing in their in-house movements following Swatch Group’s decision to pull back on the amount of parts it supplies to third-party companies.
LVMH’s other business groups all recorded positive sales through the first nine months of the year as well.
On a constant exchange rate basis, sales were up 19 percent year-over-year for Selective Retailing, which includes Sephora and DFS stores, 7 percent for Wines & Spirits, 5 percent for Perfumes & Cosmetics and 4 percent for Fashion & Leather Goods.
Total sales for LVMH for the first nine months of the year climbed 8 percent on a constant exchange rate basis and 4 percent at actual exchange rates, from $26.88 billion to $28.01 billion.
The company said the United States and Asian markets continued to record strong growth.
Based in Paris, LVMH is a luxury goods conglomerate that owns the Bulgari, Chaumet and Fred jewelry brands and operates the De Beers chain of retail stores in a joint venture with the diamond miner and marketer. LVMH also owns Zenith, Hublot and Dior Watches, in addition to TAG Heuer.
The Latest
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The selected nine organizations have outlined their plans for the funds.