Along with the rising demands you will have to be steady in challenging world. The mission of LVMH Group is to present the world refined quality products which is determined with its developmental strategy such as new collections, new distribution, new shops, new processes, and new machines. LVMH Watch Brands has been nearing to achieve its goal in 2012 with its dynamic growth rate through exclusive boutiques of the brand in wealthy cities’ up-market locations. The watch division of LVMH Moet Hennessey Louis Vuitton predicts at Baselworld watch fair its record breaking sales growth this year.
Both the Zenith and Hublot brands are unaffected by the reduction of component supplies by Swatch Group AG to the watch makers. Both brands find no problems as already they have started their verticalization of production and they are confident of creating record sales in 2012 expanding their boutique network throughout the world.
According to Jean-Claude Biver, Hublot Chairman the current year will another record setting year regarding sales of watches which enjoyed last year average sales price of $24,000. The Swiss Exhibitors Committee hoping to export more in 2012. According to the chairman though there is a slowdown of demand from China they are not anxious as the sales in China would be about three percent. Chief Executive of Zenith, Jean-Frederic Dufour said that 2011 was record setting year with operating income, production and turnover. As the division has double digit budget they are confident of achieving their goal this year and by the year 2015 they would be totally independent. Both the brands in order to grow sales rate, they have been rapidly expanding the boutique network around the world. Hublot will add eighteen boutiques to its existing forty two while Zenith would increase its stores from seven to seventeen.