at Le Bon Marché in Paris, in Barcelona and in Stockholm marked a new aesthetic for Tiffany & Co. s stores. Bulgari regained solid momentum, driven by the strong performance of its jewelry and watch lines at its directly operated stores. In jewelry, the recent B.zero1 Rock and Serpenti Viper collections were the main growth drivers. The Maison rolled out its Magnifica high jewelry collection presented in June, while at the end of the year, the launch of the Jannah collection proved extremely promising. In watches, growth was driven by Serpenti Seduttori, Octo Finissimo (which won the Aiguille d Or grand prize at the Geneva Watchmaking Grand Prix) and Bulgari Aluminium. The Maison s performance was all the more remarkable given the limited recovery in international travel and its increasingly selective presence at multi-brand stores. Jewelry in particular is now exclusively distributed through its directly operated stores. The Bulgari hotel collection expanded with the addition

of a seventh showpiece, the Bulgari Hotel Paris, which opened in December on Avenue George V. TAG Heuer marked the start of a major partnership with Porsche with the launch of the TAG Heuer Carrera Porsche chronograph. The latest edition of the TAG Heuer Carrera 3 Aiguilles featured Ryan Gosling as its brand ambassador, while the Aquaracer line was completely revisited. The Titan and Green Dial limited editions of the Monaco watch were very successful. TAG Heuer successfully launched a Super Mario limited edition of its smartwatch for gaming enthusiasts. Naomi Osaka and Tommy Fleetwood joined the Maison s team of brand ambassadors as it opened its first store in California and continued to develop its online sales. Hublot s growth was driven by strong momentum in China and the United States, particularly at its directly operated stores. Continuing to invest in its retail network, the Maison accentuated

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