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louis vuitton earnings

LVMH Reports Revenue Growth of 16% in Q1 2019; Watches and Jewelry Up 9%

April 14, 2019

Business News

Moet Hennessy Louis Vuitton (LVMH) shares hit record highs after announcing strong earnings on April 11. In the first quarter of 2019, LVMH’s revenue rose 16 percent to 12.5 billion euros ($14 billion). Revenues were up 11 percent on an organic basis, which takes into account mergers, acquisitions, and currency fluctuations. Both numbers surpassed analyst forecasts.

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LVMH's Head of Digital on Doing Luxury Online

April 1, 2019

Recommended

It was big news back in 2015 when Ian Rogers jumped from Apple to become the new chief digital officer at LVMH (Louis Vuitton Moet Hennesy, which owns watch brands including Bulgari, TAG Heuer, Hublot, and Zenith). Jing Daily (a publication focused on digital trends in China) has a brief interview with him, in which he discusses his move from Apple to LVMH, how to do luxury online the right way, and what “luxury” means.

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Rescapement is an online publication — highlighted by a weekly newsletter — for in-depth articles and unimportant opinions on important vintage and modern watches. Independent and unfiltered, Rescapement is dedicated to enthusiasts and spreading horological secrets, both vintage and modern. Subscribe to laugh and learn about watches with us every weekend.


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