Sales of LVMH's watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company's watch business said on Thursday.
Watch and jewellery sales at the world's biggest luxury company rose 13 percent in the first half.
"We hope to be able to maintain this pace of growth even if the comparables are less favourable in the second half," Jean-Claude Biver, who is in charge of LVMH's TAG Heuer, Hublot and Zenith brands, said in a statement emailed to Reuters.
Swatch Group gave a similarly positive outlook for the second half last month.
Biver said TAG Heuer's second-generation "connected" watch launched in March had become the brand's best-selling model by the end of July. The watch lets wearers switch between a smartwatch head and a traditional mechanical watch movement.
He also said TAG Heuer was working on a smartwatch that could connect to high-speed mobile networks without needing a linked smartphone within range, confirming a report in Swiss newspaper Handelszeitung.