LVMH’s Hublot brand expects rebound in 2021 after difficult start

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