LVMH sales up more than 10% in 2017

LVMH’s watch and jewellery sales rose more than 10% last year, according to Hublot’s CEO Ricardo Guadalupe.

The Hublot boss made the announcement to Reuters in Geneva ahead of this year’s Salon International de la Haute Horlogerie (SIHH) exhibition.

“For Hublot, sales were up 12 percent in 2017. The rise was more than 10 percent for the watch and jewellery business as a whole,” Guadalupe said.

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As well as Hublot, LVMH also has powerhouses TAG Heuer, Zenith and Bvlgari in its portfolio.

LVMH’s positive sales figures add to the overall sense that the Swiss luxury watch market is on the road to recovery as Chinese demand slowly increases and the Hong Kong market returns to growth.

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