LVMH downplays watch division performance
LVMH’s third‑quarter results highlighted modest overall growth, with the group’s sales reaching €18.5 billion. While the fashion and leather goods division fell 5 % and contributed €8.5 billion, the watches and jewellery segment added €2.3 billion, driven by an 8 % organic increase in the first nine months, largely thanks to strong jewellery performance and high‑profile marketing such as TAG Heuer’s Formula 1 presence. The report noted a lack of detailed commentary on the watch business despite its contribution, although Hublot announced a collaboration with balloon artist Jeff Koons and Zenith introduced new high‑jewellery and Chronomaster pieces. Overall, shares rose about 2 % after the release, reflecting investor confidence in the broader portfolio despite the contraction in the core fashion segment.
Buying Time Analysis: The story highlights LVMH’s minimal commentary on its watch division despite an 8% organic revenue growth, underscoring the strategic significance and market attention on its luxury watch segment.
