Richemont overall sales up 4 per cent in the five month period of 2015

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01-Oct-2015

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Sales in the Americas rose by 2 percent at constant exchange rates for Richemont in the five-month period ended Aug. 31, with Cartier and Van Cleef & Arpels performing “exceptionally well” in a volatile environment. Still, the company described sales growth in the region as “subdued,” supported by high jewelry, fashion and accessories, and e-commerce. Richemont, which owns Cartier and Van Cleef as well as a number of other high-end watch brands, said Wednesday that overall sales for the period increased 4 percent. Sales performances by region were mixed, with double-digit increases in Europe and Japan offsetting decreases in Asia Pacific and soft demand in the Americas and the Middle East.

 

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