Slight Dip for LVMH's Watch and Jewelry Revenue
April 15, 25(IDEX Online) - LVMH reported a slight dip in revenue from its watches and jewelry division during the first quarter of 2025, down 1 per cent to EUR 2.48bn ($2.82bn).
That's in stark contrast to a 27 per cent year-on-year increase in Q4 of 2024.
But it performed better than all other divisions and was the only one to show growth. Wines and spirits fell 8 per cent, fashion and leather goods were down 4 per cent.
The French luxury conglomerate reported a 2 per cent drop in revenue across all its maisons, down to EUR 20.31bn ($23.10bn).
It said it had shown "good resilience and maintained its powerful innovative momentum despite a disrupted geopolitical and economic environment".
The watches and jewelry business - Bvlgari, Chaumet, Fred, Hublot, Repossi, Tag Heuer, Tiffany & Co and Zenith - was "stable".
LVMH did not disclose revenue for individual maisons.
"Tiffany & Co. continued the successful expansion of its iconic lines and the global rollout of its new store concept inspired by The Landmark in New York," the company said in an update yesterday (14 April).
Pic shows The Landmark, courtesy Tiffany & Co.