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November 6, 2024
LVMH is taking its Watch Week to a brand new location: Los Angeles, with the occasion scheduled for January 21-24, 2025, within the Metropolis of Angels, the luxurious group revealed Wednesday.
Frédéric Arnault, Chief Govt Officer of LVMH Watches – Tag Heuer
9 LVMH watchmaking marques will current their newest horological creations to commerce journalists, retailers and choose purchasers from around the globe. An occasion designed to let the French conglomerate’s manufacturers highlight their distinctive positioning and experience by way of their new timepieces. Nonetheless, the announcement comes at a tough time for the Watches & Jewellery division inside LVMH. Within the first 9 months of 2024, watches and jewellery revenues slumped 5% to €7.536 billion, the worst efficiency of any division except for wines and spirits, which nosedived 11%. Total, Paris-based LVMH, which boasts 75% manufacturers inside its luxurious secure, noticed gross sales fall 2% to simply over €60 billion.
Previous to Los Angeles, LVMH Watch Week has been staged in Dubai, Singapore and final yr in Miami. The subsequent version marks its first go to to the West Coast of the US. The manufacturers which have usually taken half on this occasion, which LVMH termed in a launch, “a must on the watch industry calendar” embrace Bulgari, Hublot, Tag Heuer, Zenith, Daniel Roth and Gérald Genta. In January, they are going to be joined by Louis Vuitton, Tiffany & Co. and L’Epée 1839. “This sixth edition of LVMH Watch Week in Los Angeles will feature nine of the group’s watchmaking maisons, three of them new to the event, driving further momentum for what has grown into a can’t miss rendezvous for watch aficionados. We’re thrilled at the prospect of welcoming our clients and all our partners at the very start of the year for a display of new timepieces, great surprises and exceptional creations that will mark 2025,” commented Frédéric Arnault, chief government officer of LVMH watches. Frédéric is the third of 4 sons and one daughter of Bernard Arnault, the controlling shareholder of LVMH and the group’s chairman and CEO. Frédéric can be Europe’s richest twenty-something.
LVMH didn’t reveal the precise tackle of its LA Watch Week, however mentioned it’s going to happen in Bel Air, the high-end residential neighborhood within the foothills of the Santa Monica Mountains and a district dotted with film star houses. Every of the group’s watch maisons plans to host unique shows of their newest merchandise throughout this sixth version of LVMH Watch Week in LA, showcasing the artistic vitality of the group’s watches division, the conglomerate additionally famous.
