Richemont’s Latest Quarterly Report: Growth in Jewellery Maisons Offsets Decline in Specialist Watchmakers

1月 25, 2023

Swiss luxury goods giant Richemont announces results for the third quarter of the fiscal year 2023 (three months leading up to and ending on December 31, 2022). Sales are up by 5% at constant exchange rates and by 8% at actual exchange rates on the back of strong comparatives and the disruption of trading in mainland China due to Covid. Excluding the impact from Russia, the group’s sales rose by 7% at constant exchange rates. 
Sales increased in all regions, with the exception of Asia Pacific, which was significantly impacted by mainland China’s underperformance. All distr …