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May 06, 2008
LVMH Scoops Up Swiss Watchmaker Hublot
LVMH Moët Hennessy Louis Vuitton added luxury Swiss watchmaker Hublot to its stable of powerhouse jewelry brands. LVMH already owns the Tag Heuer, Zenith and Chaumet brands.
Hublot raked in sales of $150 million last year, thanks to the popularity of its Big Bang line, and is expected to reap as much as $250 million this year.
The acquisition comes during a time of increased demand for high-priced watches, especially in Asia.
Posted by Blacks on May 6, 2008 08:24 AM
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