LVMH saw revenue from its watch and jewelry division slip by 5 per cent during the first nine months of 2024 to $8.2bn.
Across all its 75 maisons the French luxury conglomerate reported a 2 per cent dip for the same period, to $66.1bn.
LVMH said it had shown “good resilience” and that it remained confident in an uncertain economic and geopolitical environment
It said it would “maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization.”
LVMH’s eight watch and jewlery brands – Bvlgari, Chaumet, Fred, Hublot, Repossi, Tag Heuer, Tiffany & Co and Zenith – generated a total of $11.8bn in 2023. The company does not provide a brand-by-brand earnings breakdown.
It said the third quarter decline in revenue across all LVMH brands was largely due to a stronger yen and lower growth in Japan.
March US retail sales increased at a slower pace than the previous month’s as inflation eased and the job market improved.
Revenue grew 0.7% from the month before to $709.6 billion — adjusted for seasonal variation — compared to an increase of 0.9% in February, according to data the US Census Bureau released Monday.
“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” said National Retail Federation (NRF) CEO Matthew Shay. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of consumers looking to stretch their family budgets.”
Sales climbed 2.7% from a year earlier, on par with February’s year-on-year results, the NRF added.
March sales were up year on year in six of the nine retail categories the NRF monitors, compared to eight last month. Sales in the clothing and accessories segment — which includes jewelry — were flat compared to February, but advanced 2.1% versus the same period a year ago. Online sales saw the largest year-on-year gain, rising 15%, while electronics, furniture, and building and garden supply products fell.
The Perth Mint Gold Coin is one of Australia's iconic coins, worth over $300. With Gold prices at an ALL TIME HIGH, hold onto this piece and watch your Kangaroo jump up in value over the years.
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Guess the Gold price of this 18 karat, Men's gold bracelet that is 9 years old. Like our page https://lnkd.in/dHTTTEi and comment below your answer to enter!
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Competition will close on the 4th of November at 11.59pm. This giveaway is in no way sponsored, associated, endorsed or administered with Facebook/Instagram. See full terms and conditions here: https://lnkd.in/deEnaBk
The Perth Mint Gold Coin is one of Australia's iconic coins, worth over $300. With Gold prices at an ALL TIME HIGH, hold onto this piece and watch your Kangaroo jump up in value over the years.
How to enter:
Guess the Gold price of this 18 karat, Men's gold bracelet that is 9 years old. Like our page https://lnkd.in/dHTTTEi and comment below your answer to enter!
Date & time:
Competition will close on the 4th of November at 11.59pm. This giveaway is in no way sponsored, associated, endorsed or administered with Facebook/Instagram. See full terms and conditions here: https://lnkd.in/deEnaBk
Despite being the face of many a jewellery campaign over the years, you wouldn’t expect Kate Moss the ultimate poster child for 90s insouciance to care much about high jewellery.
Yet the British supermodel clearly does, as her new jewellery line shows us. It was made in collaboration with French haute joaillerie house Messika, whose casual, contemporary diamond designs have won over the likes of Gigi Hadid, Beyoncé and Rihanna. Moss was the face of Messika’s campaign last year, but this year she takes a much larger role as designer.
It was Moss, as well as Marilyn Monroe, whom founder Valérie Messika first pegged as her muses when she launched her jewellery label in 2005. Through her new collaboration with the fashion icon, things have come full circle.
The ‘Messika by Kate Moss’ line is inspired by pieces in Moss’ own jewellery box. The model’s taste for jewels is actually pretty eclectic, encompassing designs from different eras. In the mix are elaborate Victorian baubles, geometric Art Deco styles and even Indian jewellery, collected from Moss’ travels to India as a teenager.
These influences shine through in the new, 70 piece high jewellery collection, which include sets of earrings, necklaces, rings, bracelets, headpieces and nose jewellery. Some highlights include a tasseled sautoir, sunburst hoops, a three finger ring, and dangling earrings set with pear shaped malachite crystals, after all, are having a moment in jewellery.
These are all enhanced with Messika’s careful selection of diamonds, which are of the highest quality and certified by the Gemological Institute of America (GIA). Messika herself has an intimate understanding of the gems, being the daughter of French diamond dealer André Messika.
Yet none of that steers the Messika by Kate Moss collection away from the modern ethos at the heart of the jewellery brand. As luxuriously as they are crafted, the designs are meant to be effortlessly worn to everyday affairs, not tucked away preciously in a jewellery box. That design approach is shared with other diamond jewellery designers such as Hong Kong based Nicholas Lieou and British designer Monica Vinader, reflecting the tastes of women today.
The entire Messika by Kate Moss collection is slated to launch in November.
Despite being the face of many a jewellery campaign over the years, you wouldn’t expect Kate Moss the ultimate poster child for 90s insouciance to care much about high jewellery.
Yet the British supermodel clearly does, as her new jewellery line shows us. It was made in collaboration with French haute joaillerie house Messika, whose casual, contemporary diamond designs have won over the likes of Gigi Hadid, Beyoncé and Rihanna. Moss was the face of Messika’s campaign last year, but this year she takes a much larger role as designer.
It was Moss, as well as Marilyn Monroe, whom founder Valérie Messika first pegged as her muses when she launched her jewellery label in 2005. Through her new collaboration with the fashion icon, things have come full circle.
The ‘Messika by Kate Moss’ line is inspired by pieces in Moss’ own jewellery box. The model’s taste for jewels is actually pretty eclectic, encompassing designs from different eras. In the mix are elaborate Victorian baubles, geometric Art Deco styles and even Indian jewellery, collected from Moss’ travels to India as a teenager.
These influences shine through in the new, 70 piece high jewellery collection, which include sets of earrings, necklaces, rings, bracelets, headpieces and nose jewellery. Some highlights include a tasseled sautoir, sunburst hoops, a three finger ring, and dangling earrings set with pear shaped malachite crystals, after all, are having a moment in jewellery.
These are all enhanced with Messika’s careful selection of diamonds, which are of the highest quality and certified by the Gemological Institute of America (GIA). Messika herself has an intimate understanding of the gems, being the daughter of French diamond dealer André Messika.
Yet none of that steers the Messika by Kate Moss collection away from the modern ethos at the heart of the jewellery brand. As luxuriously as they are crafted, the designs are meant to be effortlessly worn to everyday affairs, not tucked away preciously in a jewellery box. That design approach is shared with other diamond jewellery designers such as Hong Kong based Nicholas Lieou and British designer Monica Vinader, reflecting the tastes of women today.
The entire Messika by Kate Moss collection is slated to launch in November.
No excess, No set up costs and replacement by your original jeweler.
These are a few features of the insurance policy underwritten by certain underwriters at Lloyd’s. Lloyd’s is the world’s specialist insurance and reinsurance market.
No excess, No set up costs and replacement by your original jeweler.
These are a few features of the insurance policy underwritten by certain underwriters at Lloyd’s. Lloyd’s is the world’s specialist insurance and reinsurance market.
