Overall, the Chinese market, Jewelry Division, and both retail and online retail collectively contributed 74% to the group’s sales revenue.

In this year’s exhibition, two “most expensive” watch novelties made their appearance, one from Vacheron Constantin, a brand under the Swiss luxury conglomerate Richemont, and the other from Roger Dubuis.

Jean-Marc Loubier’s role goes far beyond that of a typical brand CEO; he is a pragmatic and visionary individual with a mission to revive the world’s first luxury leather goods family heritage.

Luxe.CO’s comprehensive coverage of brand and business portfolio changes of luxury giants from January 2019 to June 2023

China’s mainland achieved double-digit growth, while Hong Kong and Macau experienced triple-digit year-on-year growth.

Richemont Group ranks in the top 7% globally in ESG according to Sustainalytics’ company rankings.

For many investors, the luxury goods industry still holds appeal, but the sector is currently trading at historically high premiums compared to the overall market.

The Richemont analyst conference provided a wealth of valuable insights and disclosures.

Richemont, the luxury goods giant, gears up for dual listing on Johannesburg Stock Exchange while terminating its depositary receipt program in South Africa. Q3 sales surge by 8% to €5.4 billion, but miss analysts’ expectations.

In the third quarter, sales in mainland China declined 24 percent from a year earlier.