Even though the pace of business slowed during the last three months of the year under review, the group’s turnover increased by 6.1%. This growth is more particularly generated by the Prestige and Luxury segment. Net profit was up 14.8%. The outlook for 2019 is favourable.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €46.8 billion in 2018, an increase of 10% over the previous year. Organic revenue growth was 11%, and 12% excluding the impact of the closure of the Hong Kong airport concessions at the end of 2017. All business groups posted excellent performance.
The Board of Directors of the MCH Group has appointed Bernd Stadlwieser as the new CEO of the MCH Group. Bernd Stadlwieser has more than 20 years of international professional experience in the watch/Jewellery and Art sectors as well as in the fields of business development and digitisation.
An exhibition entitled “Treasures of Time” is being held at the Hong Kong Science Museum until April 10th. Stemming directly from the private collections of the Palace Museum of the Forbidden City a number of Jaquet-Droz clocks and automatons are presented to the public.
This robust and elegant chronograph movement has been a favourite since the 1940s and is still highly sought-after by watch collectors around the world. Now, more than 50 years after the last Calibre 321 was produced, OMEGA is bringing the iconic movement back.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.