The LVMH brand is recording ‘more than double digit’ growth, generated by ‘natural upselling requested by clients,’ said chief executive Jean-Christophe Babin in an exclusive interview with BoF.
In luxury watches, revenues are up but volumes are down, creating new winners, losers, opportunities and threats, writes Robin Swithinbank.
For high-end watchmakers, the metaverse comes with promise, as well as philosophical and legal challenges.
What was once an unregulated second-hand watch sector is now increasingly brand-authenticated and growing fast, but it can still sometimes feel like the Wild West, says Zahra Kassim-Lakha, a director at Richemont’s pre-owned watch retailer Watchfinder.