The world’s leading luxury products group LVMH Moët Hennessy Louis Vuitton recorded revenue of 19.7 billion euros in the first half of 2017, a year-on-year increase of 15 percent. A revenue growth of 14 percent was achieved by the watches and jewellery division.
According to an LVMH report released on 26 July, Bvlgari enjoyed an excellent first half and continued to gain market share. “This dynamic is notable in both jewellery and watchmaking, especially in China and Europe, thanks to the success of the iconic Serpenti and B-Zero 1 lines and the new Octo Finissimo watch. TAG Heuer experienced solid revenue growth in a tough watch market. The new products created in its flagship Carrera, Aquaracer and Formula 1 collections were very successful and a new generation of the smart watch was launched. Hublot continued its growth,” said the report.
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