LVMH Jewelry & Watch Sales Dip 5% in Q1 Amid Global Expansion Efforts

In Q1 2024, LVMH Jewellery & Watch sales dipped by 5% to €2.589 billion compared to the previous year. Tiffany & Co. introduced a new store concept globally, while Bulgari emphasized its iconic collections and launched Fondazione Bulgari to preserve cultural heritage. Chaumet unveiled Paris 2024 Olympic medals, and Fred initiated a new communication campaign. Despite economic uncertainties, LVMH remains confident, focusing on brand development, innovation, and product quality.

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