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New store will occupy an enormous 28,000 square feet housing Cartier, Audemars Piguet and more than 20 other prestige watch brands.
LVMH Watch Week in Dubai was one of the great innovations of this year, but the kick-off event will take place online next January.
Watches and Jewelry division of LVMH saw sales fall by 39% in the first half of 2020, significantly under performing the wider group.
“I’m confident that over a period of 24 months, we will have recovered most of what was lost during Covid,” he says in a Bloomberg TV interview.
Timepieces take their lead from the 1977 Bulgari Roma model that was inspired by the brand's Roman history.
TAG Heuer, Bulgari, Hublot and Zenith says they cannot preserve their brand image at a Baselworld shorn of its biggest brands.
Long-term fragrance manufacturing partner, ICR, is switching production from perfume to cleansing gel.
The donation has allowed a hospital to purchase a 3D microscope that will aid the prevention and treatment of the COVID-19.
In an industry obsessed with its past, Bulgari’s new managing director for watches, Antoine Pin, believes only forward-facing companies will thrive.
Jean-Christophe Babin, CEO of Bulgari, and Jean-Claude Biver, non-executive chairman of LVMH Watch Division, are determined to lift the gloom.