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LVMH Watches & Jewellery division doubles profit in first half of 2021 Posted July 29, 2021 | By Arabella Roden • Editor French luxury conglomerate Moët Hennessy Louis Vuitton has recorded bumper results for the first half of 2021, with its Watches & Jewellery division significantly boosted by the acquisition of Tiffany & Co. After sustaining a loss of €17 million ($AU27.3 million) during the first six months of 2020 due to the COVID-19 pandemic, the division – which includes Bulgari, Chaumet, Fred, TAG Heuer, Hublot, and Zenith in addition to Tiffany & Co. – recorded a profit of €794 million ($AU1.275 billion) in the first half of 2021. LVMH has enjoyed an excellent half-year and is reaping the benefits of having continued to innovate and invest in its businesses throughout the pandemic

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