×
207
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
By
Reuters API
Published
Jan 24, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sales of LVMH's Hublot, Bulgari watches top pre-pandemic levels

By
Reuters API
Published
Jan 24, 2022

LVMH's luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong U.S. demand, company executives told Reuters ahead of LVMH Watch Week that kicks off on Monday.


DR



Hublot and Bulgari, alongside LVMH stablemates Zenith and TAG Heuer, are holding LVMH Watch Week online, with digital presentations of their latest collections.

Hublot is showing an extra-slim version of its Big Bang watch, while Italian jeweller Bulgari has Serpenti Misteriosi watches which are hidden in snake-like bracelets and rings.

The Serpenti watches, which can cost as much at 240,000 euros ($271,464.00) for the most expensive models, are powered by a new miniature Piccolissimo mechanical movement.

Swiss luxury watch sales declined sharply in 2020, when the pandemic shuttered shops and curbed tourism. But they bounced back last year, with Swiss watch exports slightly above 2019 levels at the end of November, thanks to strong demand in the United States and China.

Switzerland's full-year watch exports are due on Jan 27, the same day luxury goods group LVMH reports full-year results.

"2021 was a good year, we did better than in 2019," Hublot Chief Executive Ricardo Guadalupe said in an interview on Monday, highlighting 30% sales growth in the United States and "excellent numbers" in mainland China.

"We obviously won't see the same strong rebound between 2021 and 2022, but we believe we'll have solid growth."

He also said that tourist shoppers were still largely absent and that supply chain issues, mainly due to workers sick with the Omicron variant, had caused production delays that would hopefully be resolved by the summer.

Bulgari Chief Executive Jean-Christophe Babin told Reuters the brand had also done better last year than in pre-pandemic 2019 thanks to market share gains.

"We want to continue with this positive trend in 2022," he said, adding new yellow gold models should help to attract U.S. consumers who are fans of that type of gold, while Asians tend to prefer rose gold.

"The United States became our second-biggest market last year and it has one of the best growth rates currently," Babin said.

Kering, the other big French luxury goods group that competes with LVMH, said on Monday it was divesting its Swiss watch brands Girard-Perregaux and Ulysse Nardin.
 

© Thomson Reuters 2022 All rights reserved.