During the first nine months of 2024, LVMH’s watch and jewelry segment experienced a 5% decline in revenue, amounting to $8.2 billion, according to IDEX Online.
Across its 75 luxury brands, LVMH reported an overall decrease of 2% for the same period, bringing in $66.1 billion. The luxury group cited a strong yen and slower growth in Japan as key factors in the third-quarter revenue drop.
In 2023, LVMH’s watch and jewelry brands, including Bvlgari, Chaumet, Fred, Hublot, Repossi, Tag Heuer, Tiffany & Co., and Zenith, generated $11.8 billion collectively.
