Louis Vuitton 2011 Annual Report Download - page 53

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LVMH 2011
Watches & Jewelry
51 / 68
Watches and Jewelry generated
organic revenue growth of 23% in 2011.
Prot from recurring operations for
this business group doubled, reecting
both the like-for-like growth of 41%
and the impact of the consolidation
of Bulgari from June 30, 2011.
the strategic integration of technological know-how has intensified,
with the construction of a manufacturing facility for watch
micro-components, a foundry for the production of pieces made
of Magic Gold, and the acquisition of Profusion, a distributor of
carbon fiber parts and components. Hublot doubled the number
of its stores worldwide and operated a total of 40 boutiques at the
end of 2011.
Manufacture ZENITH furthered its progress in 2011 and
confirmed its status as a rising star in the rarefied world of prestige
watchmakers. The full renewal of its collections is now complete,
structured around the brand’s five iconic lines. Zenith has seen
strong growth in Asia and the selective expansion of its retail net-
work continues in high-potential markets, most notably with the
opening of two new boutiques in Hong Kong and Geneva.