Louis Vuitton 2005 Annual Report Download - page 45

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In just a few years, LVMH has
become one of the most dynamic
players in the watchmaking and
jewelry sectors. With its iconic
product lines and the strong
innovation within its brands, our
business group regularly gains market
share and improves profitability.
Highlights
The Watches and Jewelry business
group recorded organic revenue
growth of 17%, significantly higher
than the market average for both
watches and jewelry, and
substantially improved its profit
from recurring operations.
Based on its strong capacities
for innovation and a targeted
advertising policy, TAG Heuer
continued to grow and strengthen
its competitive positions.
Manufacture Zenith expanded
its business in the high-end watch
segment and enjoyed a robust
increase in revenue.
Chaumet, the jeweler, continued
to post steady growth for both
jewelry and watchmaking in its
target countries.
Launched in the second half of the
year, Dior’s Christal watch, created
in collaboration with John Galliano,
the Dior couture designer, recorded
a very promising start.
New distribution agreements are
in place in China, a major growth
driver, for TAG Heuer, Zenith
and Montres Dior.
The first De Beers boutiques
opened in the United States.
LVMH 2005 WATCHES AND JEWELRY
PASSIONATE ABOUT CREATIVITY
43