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LVMH's Hublot brand expects rebound in 2021 after difficult start - Reuters

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FILE PHOTO: Hublot's logo is seen on a Big Bang Unico GMT Carbon watch at the Baselworld watch and jewellery fair in Basel, Switzerland March 23, 2017. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - LVMH’s Hublot watch brand expects to see sales improve this year after a difficult 2020 and a challenging start to the new year, its chief executive said on Monday.

“We hope that 2021 is going to be much better and we see a rebound because we hope that there will not be any big 100% lockdowns in the different countries even though we are seeing at the beginning of the year some difficulties in some countries,” Ricardo Guadalupe told a virtual media briefing to open the luxury goods group’s 2021 watch week.

Reporting by Silke Koltrowitz; Editing by Michael Shields

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LVMH's Hublot brand expects rebound in 2021 after difficult start - Reuters
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