LVMH revenue increased by 18% Year-to-Date with Jewellery and Watches +22%

Luxury Group LVMH (Moët Hennessy Louis Vuitton) announced a 22-percent increase in revenue for its Watches & Jewelry division in the first nine months of 2015. Revenue has increased from €1.97 billion ($2.2 billion) in 2014 to €2.4 billion. LVMH said Bvlgari performed “remarkably well,” driven by all product categories and all regions of the world while Hublot grew rapidly and increased its production capacity with the opening of its second production facility in Nyon, Switzerland. Also the company stated that TAG Heuer will reveal its new smartwatch made in partnership with Google and Intel, in November.