Editor’s Note
Richemont, the Swiss luxury group, reported a 4% year-on-year revenue increase to €6.4 billion for the October-December quarter, exceeding market expectations.
The Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) achieved solid revenue growth in the third quarter of the 2025/26 fiscal year, thereby exceeding market expectations.
According to an interim report published on Thursday, the group’s revenue for the months of October to December amounted to 6.4 billion euros. This corresponds to an increase of four percent compared to the same period last year. Adjusted for exchange rate fluctuations, revenue grew by eleven percent. According to the company, the increase was based on continued strong performance by the jewelry maisons and a further recovery in the watch segment.
In the first nine months of the current fiscal year, the group’s revenue reached 17.0 billion euros, exceeding the corresponding prior-year level by five percent (currency-adjusted +10 percent).
The jewelry division, which includes brands such as Buccellati, Cartier, Van Cleef & Arpels, and Vhernier, achieved a six percent increase in revenue (currency-adjusted +14 percent) to 4.8 billion euros in the third quarter. This was driven by growth across all distribution channels and regions.
The watch segment reported a second consecutive positive quarter. Revenue increased by one percent (currency-adjusted +7 percent) to 872 million euros, thanks to strong growth in the Americas as well as the Middle East and Africa.
The “Other” business area, which includes the group’s fashion and accessories brands, had to accept a five percent decline in revenue to 742 million euros. On a currency-adjusted basis, revenue remained largely stable. Within this segment, the fashion and accessories maisons grew by three percent. According to the company, the brands Peter Millar and Gianvito Rossi showed notable dynamism. Watchfinder & Co. achieved double-digit growth.
Richemont was able to report currency-adjusted growth in all geographic regions. The Middle East and Africa recorded the highest regional revenue increase at 20 percent, primarily due to strong results in the United Arab Emirates. Revenue in Japan grew by 17 percent on a currency-adjusted basis due to strong local demand and tourist business. Revenue in the Americas increased by 14 percent on a currency-adjusted basis.
In Europe, the group achieved a currency-adjusted revenue increase of eight percent thanks to strong results in the United Kingdom and Italy. The Asia-Pacific region recorded currency-adjusted growth of six percent. Total revenue in China, Hong Kong, and Macau increased by two percent.
The main growth driver in the past quarter was the group’s own retail stores, with a currency-adjusted increase of twelve percent. It contributed 72 percent of the group’s total revenue. In online sales, revenue grew by five percent on a currency-adjusted basis, while wholesale business increased by nine percent.