The French luxury conglomerate LVMH recorded revenue of €20.3 billion (around $23 billion) in the first quarter (Q1) of 2025. Revenue from the watches and jewellery category rose 1 percent year on year to €2.48 billion (around $2.81 billion) during the period that ended 31 March 2025. LVMH showed good resilience and maintained its powerful innovative momentum despite a disrupted geopolitical and economic environment, said the group.
The watches and jewellery business group was stable in the first quarter of 2025. Tiffany continued the successful expansion of its iconic lines and the global rollout of its new store concept inspired by The Landmark in New York. Bvlgari showcased the iconic Serpenti, in particular through immersive art exhibitions in Shanghai and Seoul, kicking off celebrations of the Year of the Snake. Chaumet rejuvenated and celebrated its Bee de Chaumet collection, which reinterprets the symbol of the bee.
Creative momentum remained strong in watchmaking, with a wide range of innovations by TAG Heuer, Hublot and Zenith presented in New York and Paris at the sixth LVMH Watch Week. Among other highlights of the quarter, TAG Heuer returned as Official Timekeeper of Formula 1, enjoying high visibility starting with the Australian Grand Prix.
In a disrupted geopolitical and economic environment, LVMH remains both vigilant and confident at the start of the year. The group remains focused on the development of its brands, driven by a sustained policy of innovation and investment as well as by a constant quest for quality in its products, their desirability and their selective distribution.
LVMH said that it will rely on the talent and motivation of its teams, the diversity of its businesses and the good geographic balance of its revenue to further strengthen its global leadership position in luxury goods in 2025.
22-04-2025
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