LVMH Watches & Jewelry Sales Up 22%
October 15, 07
LVMH, a leading luxury products group, reported that its watches and jewelry business group saw organic revenue growth of 22 percent in the first nine months of the year, totaling €589 million.
TAG Heuer registered strong growth thanks to its Carrera, Aquaracer and Link lines. Zenith did well in the Middle East, Russia and the U.S De Beers, the company said, “made significant progress.”
The entire group achieved revenues of €11.4 billion in the nine month period, reflecting organic growth of 13 percent compared to the same period in 2006.