WATCHES & JEWELRY STRONG GROWTH IN JEWELRY, SUSTAINED INNOVATION IN WATCHMAKING
Tiffany & Co.
Revenue €5,427m +13% vs H1 2022(1)
Profit from recurring operations €1,089m +10% vs H1 2022
Operating margin 20.1%
(1) With comparable structure and constant exchange rates.
Tiffany & Co.
The Watches & Jewelry business group achieved organic revenue growth of 13% in the first half of 2023. Profit from recurring operations was up 10%.
In jewelry, Tiffany enjoyed excellent momentum with the exceptional success of the reopening of the “Landmark” in New York; The Landmark has once again become an emblematic venue for New York life. The new Lock collection continued to be rolled out worldwide and the first High Jewelry collection by Artistic Director Nathalie Verdeille was unveiled. Bulgari, which experienced strong growth, celebrated the 75th anniversary of its iconic Serpenti collection. Its high jewelry, with notably the launch of the Mediterranea collection, saw outstanding performance. Chaumet and Fred experienced strong growth over the first half. TAG Heuer celebrated 60 years of its Carrera collection. The LVMH watchmaking Maisons TAG Heuer, Hublot and Zenith unveiled many new products during LVMH Watch Week and the Watches & Wonders trade show.