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"There's a real rebound in mainland China and, thanks to Chinese
tourists, this will help watch sales elsewhere," Jean-Claude
Biver, head of LVMH's watch business, said on the sidelines of
the launch of its new smartwatch.
Swiss watchmaker TAG Heuer, owned by LVMH, with its partners
Intel Corp <INTC.O> and Google <GOOGL.O> on Tuesday launched a
connected watch that it hopes will seduce tech geeks and
traditional watch lovers alike by letting them swap the
connected module for a mechanical movement.
Biver said the group aimed to sell 150,000 pieces of the new
watch in 2017.
(Reporting by Silke Koltrowitz; writing by Brenna Hughes
Neghaiwi; Editing by Michael Shields)
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