Editor’s Note
Richemont’s latest financial report reveals a robust performance, with quarterly sales exceeding forecasts and annual growth driven by its core jewellery division.
The Swiss luxury giant Richemont has surprised investors and customers with positive figures. The group reported on Friday a seven percent increase in sales for the fourth quarter to 5.17 billion euros. This exceeded analyst expectations. For the full year, Richemont’s sales climbed by four percent to 21.4 billion euros. The growth driver was the jewellers segment, with an eight percent increase in revenue.
Cartier display on 5th Avenue in New York City. The watch and jewellery brand belongs to the Swiss luxury group Richemont. Jewellery products are particularly in demand.
