LVMH Moët Hennessy Louis Vuitton, the world’s leading high quality products group, reported on 13 April that its revenue increased by 16 percent in the first quarter of 2015 to €8.3 billion with an organic revenue growth of 3 percent compared to the same period in 2014.
Revenue of the Watches and Jewelry business group grew by 19 percent from €607 million in Q1 2014 to €723 million in Q1 2015 with 7 percent organic revenue growth, the highest among all business groups.
Bvlgari continued to deliver good growth driven by the success of its iconic jewellery collections and its new Lvcea watch for women. Hublot had a very good start to the year while TAG Heuer continued to refocus on its core offering.
LVMH watch brands introduced several innovations at the Basel watch fair. A partnership between TAG Heuer, Google and Intel to launch a smartwatch was also announced.
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