Richemont sales rise 2.8% to $4 billion in Fiscal Q3

Richemont sales increased by 2.8 percent on the year to $4 billion in its third fiscal quarter that ended on December 31. Sales at its jewelry brands grew by 3 percent to $2 billion. Revenue from its watch brands increased by 4 percent to $1.1 billion. In a breakdown of sales by region, the luxury retailer reported that sales in Europe, the Middle East and Africa posted the healthiest rise – up 7 percent to $1.48 billion. For the first nine months of its year, total sales climbed 4 percent on the same period a year earlier to $11.25 billion, while retail sales increased by 6 percent to $6 billion.