LVMH watch and jewellery division records 138 per cent increase in revenue following Tiffany & Co. acquisition Posted April 19, 2021 | By Francesca Nicasio In its first financial update for 2021, French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) has reported revenue of €13.96 billion ($AU21.6 billion), an increase of 32 per cent compared with the same period last year.
During the first quarter of 2021, €1.88 billion ($AU2.9 billion) came from LVMH’s Watches & Jewelry division – up 138 per cent compared with 2020. The quarter marked the integration for the first time of the iconic jewelry [sic] Maison, Tiffany & Co, which saw an excellent start to the year
LVMH statement