According to the company’s brand CEOs, the sales of clocks and jewelry at luxury LVMH rebounded in the latest quarter and continued to shine in January. TIFFANY & CO. Watches of CEO, Tag Heuer, Bulgari, and Louis Vuitton focuses on Chinese sales, tariffs, and luxurious bestsellers.
According to the company’s brand CEOs, after the decline of the year, the sale of gorgeous giants LvMH has rebounded in a recent quarter and continued to shine in January.
In this week’s revenue, LVMH reported that the clock and jewelry group sales increased by 3 % after the decrease in the previous quarter. The department exceeded the company’s core fashion and leather segments, decreasing by 1 % in the quarter, and reduced wine and spirits by 8 %.
In an interview with LVMH Watchweek in New York, some CEOs of Konglomarit watches and jewelry brands are more optimistic in 2025. -It promotes strong demand for both watches and jewelry.
LVMH owns Bulgari’s CEO Jean Cristov Babin:
TIFFANY & CO acquired by LVMH in 2021. Anthony Ledru, CEO, said that consumer trust was newly seen among the wealthy American people after the US presidential election.
“It brings clearness and probably brings more trust in consumers,” said Redol. “To succeed in a luxurious world, you need that comfortable factor.”
Of course, there is a risk in a bright outlook. US tariffs are unknown for high -end watches made in Switzerland and large watches made of French luxury goods. The Trump administration is threatening the full tariff in Europe.
At present, however, clocks and jewelry manufacturers are launching a new product barrage in anticipation of powerful 2025. Louis Vuitton’s watch section has launched a new “Tambul Temple Spin Time” collection featuring the number “Jump Cube” inspired by the old ones. Airport flap display. The company’s Géraldgenta line has launched a new Gentissima OURSIN Fire Opal made from 137 orange and Red Opal jewelry mined from volcanoes in Mexico.
Louis Vuitton in Hawk’s eyes “Tambul drum spin time”.
GéraldgentAgentissima OURSIN Fire Opal.
Jean Arnaw, the director of Louis Vuitton Watches, who coaches the brand of Genta and Daniel Ross, has been one of the most respected watchmakers in the top collectors. He said there was a plan. High price.
“Before Louis Vuitton puts a clock in a wider world and rhymes, it will probably wait for the whole generation until it happens,” he said. “The important thing for me is to make sure that Louis Vuitton knows when making a watch. We know that they are very high quality and no doubt.
Tag Hoyer, who had just announced a partnership with Formula 1 to replace Rolex as an official timekeeper, said its sales has already been boosted since its October announcement. At LVMH Watch Week, the company launched a new F1 collection with bright dials and chronographs. Antoine Pin, Tag Heuer’s CEO, said that the sales benefits from the announcement of F1 were literally “overnight”.
“Surprisingly, the announcement we made in F1 was immediately an important response,” he said. “And obviously, the beauty of social media is that you can quickly measure its influence, and we’ve seen a very positive reaction with a large -scale increase in reactions, It was a good decision.
In terms of jewelry, Tiffany said in the fourth quarter that sales of the same store had increased by 9 % in the fourth quarter. The Tiffany’s flagship Landmark Store at the Manhattan’s Fifth Avenue has seen powerful sales on a long line from visitors during the holiday season. The newly renovated shop, which has been hundreds of millions to reconsider LVMH, is now equipped with a popular blue box cafe by Daniel Bourd and a new VIP suite on the 10th floor, with Central Park, Fine Art, Rare Tiffany. It offers the scenery of lamps and high jewelry. 6-7 numbers are on sale.
Tiffany’s CEO LEDRU stated that since LVMH acquired a jewelry manufacturer, the average price range of the company has doubled. By upgrading the company’s retailers, focusing on high -end jewelry, launching a new “icon” collection based on historic Tiffany Design, the brand was able to move the rise market immediately.
The hottest seller is the “Hardware” collection, especially the gold chain link necklace sold for over $ 19,000, especially for more than $ 19,000.
“It’s a pretty dramatic change,” he said. “We spent more, spent more time in the store, and chased a client that engaged at higher prices. It’s a very special ecosystem, surprising products, wonderful events, and its Communication that matches everything.
Traditionally, Bulgari, China, wants to see the sales lift on Wednesday in the year of the Chinese constellation, which began formally from the New Year in China.
Bulgari’s CEO Babin stated that while the Chinese economy is now “tough”, there are signs that government stimuli can begin to reconstruct consumer trust this year.
He said that Bulgari’s popular “Serpenti Viper” collection was modeled on Viper snake.
“Serpenti is a Bulgari icon, and this is a snake year, so this should be the year of Bulgari,” he said.
From higher income, entrepreneurship spirit, inheritance, and the rise of wealth held by women around the world, the company’s customer base is rebuilt. Most of the sales used to buy gems as gifts, but now women buy it for themselves.
“Today, you have true gender equality in most countries,” said Babin. “Women’s purchasing power is very similar to the purchasing power of men, a luxurious revolution.”
Tiffany “Flying Tour Billon Bird
Regarding the theme of tariffs, LVMH CEO said that he had to wait for what to announce before planning. However, hiking in the United States may not be so destructive, as they say they are in charge of tariffs and obligations in countries around the world.
In addition, Americans have already traveled to Europe and purchased luxury goods. If tariffs are high in the United States, wealthy Americans may begin to choose to buy Bulgari bracelets or Louis Vuitton watches in Europe.
“Many of our clients travel around the world,” said Jean Arno. “So if they buy works in the United States or work in Europe, it’s the same for us.”
