The Lvmh group is doing well even in times of crisis and a good part of the financial performance is due to the watches and jewelry sector, but especially the latter. Also thanks to the sales signed Bvlgari. In the first nine months of 2014, in fact, the world leader in luxury products recorded a 4% increase in revenues, to 21.4 billion euros. In particular, the sale of watches and jewelry in the first nine months recorded organic growth in revenues of 5% to 1.972 billion. “The period showed a significant acceleration in the jewelry segment, led in particular by Bvlgari, while watches continued to be influenced by the prudent purchasing behavior of multi-brand retailers in an uncertain economic context”, comments the company chaired by Bernard Arnault. “The launch of the new Lvcea watch for women, by Bvlgari, and the success of the iconic lines of Hublot were the highlights of the quarter”.
