16% revenue growth in nine months for LVMH
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded a 16% increase in revenue, reaching € 38.4 billion in the first nine months of 2019. Organic revenue grew 11% compared to the same period of 2018. In the third quarter, revenue was up 17% compared to the same period in 2018. The United States and Europe saw good progress in the third quarter, as did Asia, despite the difficult context in Hong Kong. In the first nine months of 2019, the Watches & Jewelry business group recorded organic revenue growth of 4%, driven by jewelry. Bulgari enjoyed an excellent performance, especially in its own stores. After Beijing in 2017 and Tokyo in 2018, this summer, Chaumet presented its new exhibition in Monaco; “Chaumet in Majesty. Jewels of Sovereigns since 1780”. In watches, TAG Heuer continued to focus on its iconic lines and Hublot made solid progress.