Bvlgari targets another sales increase in 2022 after a “record” year

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]

LVMH-owned Swiss-Italian jewelry and watch company Bvlgari expects to post an even better fiscal year in 2022 than last year’s record-breaking year.

 

 

Jean-Christophe Badin, President and CEO of Bvlgari, said the house is recording double-digit growth rates for both jewelry and watches. “If 2021 was a record year, 2022 will be even better,” he added in an interview published Saturday by the NZZ.

 

LVMH achieved in the first half of 2022 an organic growth of 16% of its sales carried in particular by its Houses such as Bvlgari: “At Bvlgari, the Serpenti and Bzero1 Classic lines are important vectors of growth while the new collection of Haute Joaillerie and Haute Horlogerie Eden: The Garden of Wonders and its watch collections, including the new Octo Finissimo Ultra watch, set new records.”

 

However, Chinese measures to combat the Covid-19 pandemic are still a challenge and Bvlgari felt the effects particularly in the second quarter, revealed Jean-Christophe Badin. This is reflected in the majority of closed stores and supply problems. But in the meantime, the situation has improved and many restrictions, for example in civil aviation, have recently been lifted.

 

Geneva Watch Days 2022, a major event for Bvlgari

 

The Geneva Watch Days (GWD) watch show started on Monday, August 29 and will run until September 1. Bvlgari is one of the brands behind the GWD and is presenting its main novelties at the event, including the Octo Finissimo Sejima, which will be highlighted during this 2022 edition.

 

“We started with 17 brands and there are already 40 this year,” said Badin.

 

 

 

Read also > Bvlgari : Baciami, the new fragrance that reveals torrid passions

 

Featured photo : © Bvlgari[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]

LVMH-owned Swiss-Italian jewelry and watch company Bvlgari expects to post an even better fiscal year in 2022 than last year’s record-breaking year.

 

 

Jean-Christophe Badin, President and CEO of Bvlgari, said the house is recording double-digit growth rates for both jewelry and watches. “If 2021 was a record year, 2022 will be even better,” he added in an interview published Saturday by the NZZ.

 

LVMH achieved in the first half of 2022 an organic growth of 16% of its sales carried in particular by its Houses such as Bvlgari: “At Bvlgari, the Serpenti and Bzero1 Classic lines are important vectors of growth while the new collection of Haute Joaillerie and Haute Horlogerie Eden: The Garden of Wonders and its watch collections, including the new Octo Finissimo Ultra watch, set new records.”

 

However, Chinese measures to combat the Covid-19 pandemic are still a challenge and Bvlgari felt the effects particularly in the second quarter, revealed Jean-Christophe Badin. This is reflected in the majority of closed stores and supply problems. But in the meantime, the situation has improved and many restrictions, for example in civil aviation, have recently been lifted.

 

[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

[/vc_cta][vc_column_text]Featured photo : © Bvlgari[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]

LVMH-owned Swiss-Italian jewelry and watch company Bvlgari expects to post an even better fiscal year in 2022 than last year’s record-breaking year.

 

 

Jean-Christophe Badin, President and CEO of Bvlgari, said the house is recording double-digit growth rates for both jewelry and watches. “If 2021 was a record year, 2022 will be even better,” he added in an interview published Saturday by the NZZ.

 

LVMH achieved in the first half of 2022 an organic growth of 16% of its sales carried in particular by its Houses such as Bvlgari: “At Bvlgari, the Serpenti and Bzero1 Classic lines are important vectors of growth while the new collection of Haute Joaillerie and Haute Horlogerie Eden: The Garden of Wonders and its watch collections, including the new Octo Finissimo Ultra watch, set new records.”

 

However, Chinese measures to combat the Covid-19 pandemic are still a challenge and Bvlgari felt the effects particularly in the second quarter, revealed Jean-Christophe Badin. This is reflected in the majority of closed stores and supply problems. But in the meantime, the situation has improved and many restrictions, for example in civil aviation, have recently been lifted.

 

[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

[/vc_cta][vc_column_text]Featured photo : © Bvlgari[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]

Tags

The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Launch offer:

Your participation in the Camille Fournet Masterclass reserved for annual subscriber !

Luxus Plus Newsletter