LVMH’s watch and jewelry maisons saw organic growth of 2 per cent in Q3 2025, driven by Tiffany & Co. and Bulgari, the company said in an update published yesterday.
It follows two consecutive quarters of zero growth for the sector.
Overall, the French luxury conglomerate reported quarterly organic growth of 1 per cent (up to EUR 18.3bn) across its 75 maisons, led by fashion and leather goods. In Q1 it fell by 3 per cent and in Q2 by 4 per cent.
Total revenue for the watch and jewelry sector was EUR 2.3bn for the quarter, and EUR 7.4bn for the first nine months of 2025.
LVMH, which owns Bvlgari, Tiffany & Co., Chaumet, Fred, Repossi, TAG Heuer, Hublot and Zenith, does not provide figures on a brand-by-brand basis.
It said Tiffany & Co had “continued the successful enhancement of its iconic lines and the global rollout of its store concept inspired by The Landmark in New York”. And it reported high levels of traffic and revenue at its new stores in Milan and Tokyo.
LVMH said sales across all sectors were down year-on-year in Japan and stable in Europe and the US and up in Asia.
The conglomerate “showed good resilience and maintained its powerful innovative momentum despite a disrupted geopolitical and economic environment,” it said.
Source: IDEX