Fri, 31 Jan 2025

LVMH watch and jewelry CEOs see luxury sales picking up in 2025

The CEOs of Tiffany & Co., TAG Heuer and Bulgari and the director of watches for Louis Vuitton weigh in on China sales, tariffs and luxury best-sellers.

*TAG Heuer sees boost in sales since Formula 1 partnership announcement
*Tiffany's flagship store on Fifth Avenue saw record sales during holiday season
*Bulgari expects sales lift during Chinese Lunar New Year and year of the snake LVMH CEOs express cautious optimism about potential tariff hikes, citing their experience working with tariffs globally. However, a strong dollar may drive American consumers to buy luxury goods in Europe rather than the US.
  >>