LVMH Plans to Expand its Presence in the Luxury Watch Market
Luxury conglomerate LVMH is intensifying its efforts to capture a larger share of the global luxury watch market by launching a dedicated watch division and introducing a range of new, high-end models. The company is poised to explore new avenues for growth, potentially through strategic acquisitions to bolster its watch portfolio further. With luxury watch sales worldwide projected to reach $37 billion by 2032, LVMH strategically positioned itself to capitalize on this growth trajectory. The conglomerate's jewelry and watch division...