Tiffany & Co.

The Watches & Jewelry business group remained stable in the first half of 2025. The decline in profit from recurring operations arose from ongoing investments in store renovations and communications. Tiffany & Co. continued the successful expansion of its iconic lines and the global rollout of its new store concept inspired by The Landmark in New York. Bvlgari showcased the emblematic Serpenti through immersive art exhibitions in Shanghai and Seoul, kicking off celebrations of the Year of the Snake. The new Polychroma high jewelry collection was unveiled in Taormina. Chaumet continued to actively develop its emblematic Bee de Chaumet jewelry line. In watches, TAG Heuer implemented the partnership signed in 2024 with Formula 1, particularly at the Monaco Grand Prix, where the Maison became the event’s first partner. Hublot celebrated the 20th anniversary of its Big Bang collection and Zenith celebrated its 160th anniversary.

Selective retailing