Tiffany & Co. jewelry

LVMH: Tiffany & Co’s First Half Year was “Excellent”

LVMH Moët Hennessy Louis Vuitton,owner of global luxury jewelry brands including Louis Vuitton, Christian Dior, Sephora, Fendi and Tiffany, has reported that its revenue for the first half year of 2022 saw a revenue rise of 28% to $37.3 billion as Tiffany & Co. enjoyed an “excellent” half-year, according to IDEX Online.


LVMH reported that all its business groups achieved double-digit organic revenue growth over the period. Watches and jewelry grew 16% and saw a 26% increase in profit from recurring operations “up to $1 billion for H1 2022.”


“Tiffany & Co. enjoyed an excellent half-year, still driven by strong momentum in the United States,” LVMH said in a statement. Bernard Arnault, chairman and CEO of LVMH, said: “We approach the second half of the year with confidence, but given the current geopolitical and health situation, we will remain vigilant and count on the agility and talent of our teams to further strengthen our global leadership position in luxury goods in 2022.”


betonce jay z diamond jewelry by Tiffany&Co.
Credit: Instagram/tiffanyandco

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