Bulgari gains market share, while TAG has found success with its new collections and smartwatch
LVMH singled out Bulgari and TAG Heuer in its financial results for the first nine months of the year.
Bulgari, it said, “continued to gain market share and showed major creative momentum by enriching its iconic product lines, notably with the recent launch of Serpenti Seduttori.”
It also said that TAG Heuer “made great progress in a difficult market, benefiting particularly from the success of its new collections and its smartwatch.”
Hublot “continued the development of its iconic lines, Classic Fusion and Big Bang,” it added, “and Chaumet furthered its progress, driven by the success of its Joséphine and Lien collections.”
Overall, LVMH’s watches and jewelry business group recorded 4 percent organic revenue growth in the first nine months of 2016. That slightly underperformed the company as a whole, which posted 5 percent organic growth.