Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Jewelry, Watch Sales Up 11% for LVMH in Q1
But the company noted it was up against soft comps in Europe, where sales were down in early 2016 following the November 2015 terrorist attacks in Paris.
Paris--LVMH Moët Hennessy Louis Vuitton reported strong first quarter sales across all divisions but noted that it was up against weak comps from last year, when sales were down in Europe following the November 2015 terrorist attacks in Paris.
In the first quarter, sales for the luxury conglomerate’s Watches & Jewelry division totaled $932.9 million, up 11 percent year-over-year on an organic basis (with comparable structure and constant exchange rates).
LVMH said that Bulgari continues to gain market share as it introduces new models to its most well-known lines. The group also noted the launch of the second version of TAG Heuer’s smartwatch, the Connected Modular 45.
At Baselworld, LVMH introduced a new edition of the Autavia by TAG Heuer, the Octo Finissimo Automatic and interchangeable Serpenti Skin watches from Bulgari, and the Defy El Primero 21 by Zenith.
LVMH also owns the Chaumet, Fred and Hublot brands and did have a 50 percent stake in the chain of retail stores that operate under the De Beers name.
But the group announced in March that it has effectively pulled out of the venture, selling its stake in the stores to the De Beers Group.
Total sales for LVMH in the first quarter were up 13 percent year-over-year on an organic basis, reaching $10.49 billion.
The division to report the strongest sales growth was Wines & Spirits (brands include Hennessy, Veuve Clicquot and Dom Pérignon) followed by Fashion & Leather Goods (brands include Louis Vuitton, Marc Jacobs and Dior).
Commenting on the results, the company said: “In a particularly uncertain environment, LVMH will continue to focus its efforts on developing its brands, maintain strict control over costs and target its investments on the quality, excellence and innovation of its products and their distribution.”
The company also mentioned the “geographical balance of its revenue.”
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
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.
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.
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.