Lvmh Acquires Swiss Watchmaker Hublot

摘要

LVMH Moeet Hennessy Louis Vuitton has announced that it has signed an agreement to acquire the Hublot group. LVMH will acquire Hublot from Carlo Crocco, who founded the group in 1980, and a company controlled by Jean-Claude Biver, who has managed Hublot since 2004. Hublot, which has its headquarters and workshops near Geneva, has started building a factory at Nyon to accommodate its expansion plans. Having grown at a rapid pace since 2004, the brand achieved net revenue of more than CHF 150 million in 2007, with a very significant increase in revenue expected in 2008.