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Tiffany Performs “Extremely Well” as LVMH’s Revenue Soars in H1 2021

Sales more than trebled to $4.75 billion in H1
Tiffany & Co. jewelry
Credit: Iris Hortman

LVMH, owner of global luxury jewelry brands including Louis Vuitton, Christian Dior, Sephora, Fendi and Tiffany, has reported that its sales “more than trebled” to $4.75 billion in the first half of 2021, IDEX Online reports.

 

Bulgari LVMH jewelry japan shop street
Credit: Lucian Milasan / shutterstock.com

 

Tiffany & Co, LVMH’s most recent acquisition, performed “extremely well.” The French conglomerate said: “The first half saw the integration for the first time of iconic jewelry maison Tiffany, which has benefited from the new team’s focus on its iconic products.”

 

TIffany jewelry Yellow branding
Credit: TIffany and Co.

 

LVMH’s watches and jewelry business group recorded an organic revenue growth of 71% year-on-year in H1 2021, and 5% when compared to the same period in 2019. Bernard Arnault, chairman and CEO, said LVMH had enjoyed “an excellent half-year.”



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