LVMH watches, jewelry CEOs see luxury sales picking up | Global News Avenue

After a year of decline, the sales of luxury giants and jewelry LVMH According to the company’s chief executive officer of the company, it rebounded in the recent quarter and continued to shine until January.

In it Increase telephone this weekLVMH reports that the sales of watches and jewelry groups increased by 3 % after the previous quarter. The department’s performance is better than the company’s core fashion and leather products. The department has decreased by 1 % in this quarter, and wines and spirits have fallen by 8 %.

During the interview during the LVMH Watch Week in New York, the CEO of several watches and jewelry brands of the corporate group said they were becoming more and more optimistic about 2025. -The strong demand for rival watches and jewelry.

“I have to say that I have to say that I have to say that I have to be surprised at the beginning of this year.”

Tiffany & CO acquired by LVMH in 2021. CEO Anthony Ledru said that after he saw the US presidential election, he also saw the confidence of the rich in the United States for consumers.

“I think this will bring clearly and may have greater consumer confidence.” “We need that good factor to achieve success in the luxury world.”

Of course, the bright prospects are risky. U.S. tariffs are the biggest popularity of high -end watches. These watches are mainly manufactured in Switzerland and are also French luxury goods. The Trump administration threatens comprehensive tariffs in Europe.

However, at present, watch and jewelry manufacturers are launching a series of new products, hoping to have a powerful 2025 years. The watch department of Louis Vuitton launched the new “Tambour Taiko Spin Time” series, which contains the number of “jump cubes”. These numbers are inspired by leather petals of the Old OLD OLD airport. The company’s GéraldGenta series has launched a new “GentisSima OURSIN FIRE OPAL”. The product is made of 137 orange and red protein gems, which is mined from the Mexican volcano.

Jean ARNAULT, the director of Louis Vuitton watch, is also responsible for the brand of gentlemen and Daniel Roth. He said that he has decades of plans to make Louis Vuitton ( Louis Vuitton) has become one of the most respected watchmakers among senior collectors, and is famous for high complexity and craftsmanship and commander and commander.

He said: “In a wider world, before the rhyme of Louis Vuitton, we may wait for a generation until this happens.” “For me, it is important to ensure that they know Lu Yiwei. When to make a watch, they know that their quality is very high and there is no doubt.

Tag Heuer has just announced the cooperation with Rolex as an official timer with Formula 1. He said that since it was announced in October, it has seen the increase in sales. On the LVMH Watch Week, the company launched a new first -class equation series with bright dial and chronograph. Tag Heuer CEO Antoine Pin said that the sales benefits announced by F1 are actually “one night.”

He said: “I am surprised that any announcement of F1 immediately leads to a significant response.” “And it is clear that the beauty of social media is that you can quickly measure the influence. We have seen a large number of reactions and a large number of active reactions. Extension.

LVMH said at the revenue conference call that in jewelry, Tiffany’s sales in the fourth quarter increased by 9 %. Tiffany’s flagship “landmark” store on Manhattan’s fifth avenue has a high sales during the holidays, and tourists have a long sales volume. LVMH spends hundreds of millions of dollars to re -conceive newly renovated stores. Now there are popular blue box cafes of Daniel Boulud and new VIP suite on the 10th floor. The price of the scenery parts of Tiffany and Senior Jews is six, seven numbers.

Ledru, CEO of Tiffany, said the company’s average price has been doubled since LVMH has acquired jewelry manufacturers. Through upgrading the company’s retail stores, focusing on high -end jewelry and launching a new “icon” series based on Tiffany Designs, which has a long history, the brand can quickly go public.

Leadro said its hottest seller is the “hardware” series, especially its gold chain necklace that costs more than $ 19,000.

He said: “This is a very severe change.” “We pursue a more consuming customers who spend more time in the store and participate in higher prices. This is a very special ecosystem. The more you There are more and more, the more you need to have amazing shops, great employees, great employees, amazing products, amazing events, and all these communication with all these. “

Bulgari traditionally is the largest market in China. He hopes to see sales improvement in the year of the twelve zodiac sperts in China. The snake officially begins on Wednesday in the Chinese New Year in the Chinese lunar calendar.

Binbin, CEO of Baogali, said that although the Chinese economy is currently “difficult”, it has signs that government stimulus may begin to rebuild consumer confidence this year.

He said that the “Serpenti Viper” series popular with poisonous snakes as a blueprint is the top seller.

He said: “Serpenti is the idol of Baogali. This is a year of snake, so this should be the year of Bulgaria.”

From higher income, the rising wealth held by women around the world is also reshaping the company’s customer base. Although a large number of men who used to buy jewelery as gifts as gifts, women are now buying themselves.

Binbin said: “Today, you have true gender equality in most countries.” “Women’s purchasing power is very similar to men’s purchasing power. This is a luxury revolution.”

Regarding the theme of tariffs, LVMH CEO said that they must wait and see what policies have been announced before formulating the plan. However, they said that they imposed tariffs and duties in countries around the world, so hiking travel in the United States may not be too damaged.

More importantly, Americans have gone to Europe to buy luxury products, partly driven by strong dollar. If a high enough tariff in the United States, then wealthy Americans may start choosing to buy their Bulgarian bracelets or Louis Vuitton watches in Europe.

Jean Arnault said, “Many of our customers travel around the world.” “Therefore, if they buy a work in the United States, or they buy a work in Europe, then we are the same.”