LVMH Watch and Jewelry Sales Up 29% in 2010

LVMH Moët Hennessy Louis Vuitton annual watches and jewelry sales grew by 29 percent in 2010 to 985 million euros ($1.34 billion) and profit from recurring operations doubled. Watch and jewelry brands gained market share across all regions.

For its 150th anniversary, TAG Heuer successfully launched a new watch movement and enhanced its presence in Asia, the company said. Hublot benefited from

Frederique Constant Claims Record Sales in 2010

Luxury Swiss watch brand Frederique Constant Geneve said 2010 sales grew by 45 percent year-over-year and 23 percent higher than in 2008. The company also said it sold more than 100,000 units for the year, a new record.

Peter Stas, Frederique Constant founder and CEO, said all regions reported “very significant increase in activity” for the year. This growth will continue in 2011.

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