• Reuters, Wednesday, May 18, 2016 9:05 AM

The head of luxury group LVMH's Swiss watchmaking business expects sales of the TAG Heuer brand, which includes "smartwatches" that connect to the Internet, to rise by at least a tenth this year, he told Swiss newspaper Le Temps. "TAG Heuer exceeds all our expectations. At the end of April, watch sales are up 20 percent. I hope for a minimum of 10 percent at the end of the year," Jean-Claude Biver said in an interview published on Saturday. Of the company's two other watch brands, he said Hublot was undergoing "voluntary braking" in a year of consolidation, while Zenith was suffering like other watch brands from weak Chinese demand. Biver played down news that chipmaker Intel would halt production of Atom processors used in TAG Heuer "Connected" smartwatches. Asked if he was worried, he said:

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