Editor’s Note
Richemont’s latest results highlight the resilience of the luxury sector, with its core jewelry houses driving solid annual growth. The performance underscores a continued global appetite for high-end goods, even amid shifting regional dynamics.
Before the European market opened on May 16, Swiss luxury goods giant Richemont, the parent company of high-end jewelry and watch brands such as Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, and Vacheron Constantin, released its financial results for the fiscal year ending March 31, 2025. Benefiting from high single-digit growth achieved by its jewelry brands, the group’s full-year sales increased by 4% year-on-year to 21.399 billion euros. All regional markets except Asia-Pacific achieved double-digit growth, further optimizing the group’s regional sales structure. Notably, sales for the fourth quarter of the fiscal year (calendar year January-March 2025) grew by 8% year-on-year (at constant exchange rates: +7%) to 5.17 billion euros, exceeding market expectations.
– Johann Rupert, Chairman of Richemont Group