LVMH : Appointments at the helm of LVMH Watches & Jewelry Division
January 20, 2014 at 11:49 pm IST
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January 20, 2014
Appointments at the helm of LVMH Watches & Jewelry Division
Having successfully led the integration of Bulgari within LVMH, Francesco Trapani has decided to relinquish his operational duties as head of Watches and Jewelry division from 1st March 2014. He becomes an adviser to the Chairman, on matters relating to the Group's jewelry operations, and remains a Director on the Board of LVMH.
The Group's jewelry Maisons (Bulgari, Chaumet, Fred and De Beers) will now report to Toni Belloni, LVMH Group Managing Director.
Jean-Claude Biver, currently President of Hublot, will also take responsibility for the other watch brands TAG Heuer and Zenith.
Bernard Arnault commented: "Over many years Francesco Trapani has progressively built Bulgari into a brand respected around the world for its refinement and appeal. Over the past three years, Francesco has successfully completed the integration of this prestigious brand within our Group. I am delighted that I will continue to be able to draw on his wisdom and advice in the years ahead. I am also delighted that Jean-Claude Biver has agreed to lead our watchmaking activities. His experience and achievement within this sector speak for themselves, best illustrated by the remarkable success of Hublot. I am convinced that his entrepreneurial talent and creativity will add significant momentum to our other brands in the sector"
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).