Richemont Sales Hint at High-End Rebound

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17-Jan-2017

Richemont reported sales at its jewelry maisons jumped 9% to $1.86 billion (EUR 1.75 billion) in the third fiscal quarter which included the holiday season. The maisons, which comprise luxury brands Cartier and Van Cleef & Arpels, drove an overall improved performance by the group, while sales at its specialist watchmakers fell 2%. Group revenue advanced 6% to $3.29 billion, with sales in Asia-Pacific rising 10%, while the Americas grew 8% and Europe climbed 3%.

 

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