The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.
LONDON – Sales at Richemont surged 10 percent to 6.2 billion euros in the three months ending Dec. 31, with double-digit gains in all regions except for China, where demand continues to stagnate.
Despite weakness in China, "Richemont has never been stronger," investment firm Vontobel's analyst said.
Richemont's Q3 results exceeded expectations with €6.15 billion in sales, driven by strong performance in the Jewellery Maisons division, aligned with our investment thesis. Despite a decline in ...
Revenue for the first nine months reached €16.2 billion, up +3% year-on-year, buoyed by a record high sales performance in Q3 ...
Richemont, owner of Cartier, reported a 10% year-on-year increase in Q3 sales, significantly surpassing expectations. This growth suggests a potential recovery in the luxury sector, despite challenges ...
Sales rocketed 22 percent in the Americas region, while in mainland China, Hong Kong and Macau they were down 18 percent in ...