Italian luxury house of jewellery, watches and fragrances founded in 1884; part of LVMH since 2011.
LVMH has reported steady half-year sales with 2% organic growth and a 2% rise in overall revenue to €38.6 billion; U.S. demand continues to drive performance in watches, jewelry and fashion, while Europe remains flat amid slowing tourism. The group notes margin stability but faces questions over whether growth is sustainable.