Editor’s Note
This article highlights the Richemont Group’s strong financial performance in 2024, driven by its core jewelry segment and significant revenue from the Asia-Pacific region.
In 2024, total sales of the Richemont Group worldwide amounted to about 21.4 billion euros, increasing by over half a billion euros on the previous year. The Richemont Group is one of the leading luxury goods companies in the world.
The Richemont Group garners most of its revenue from jewelry Maisons, which amounted to around 14.2 billion euros in 2024.
The Asia-Pacific was responsible for 40 percent of the company’s total sales that year.
Founded in 1988 by South African businessman Johann Rupert, the Swiss-based company owns several brands such as Montblanc, Lancel, and Peter Millar. Richemont produces and sells jewelry, watches, leather goods, and clothing.
Richemont employed around 35,640 people as of 2019.
Montblanc is a German manufacturer of luxury watches, pens, jewelry, and leather goods. Peter Millar is an American lifestyle brand founded in 2001. The company produces clothes and accessories and most notably luxury golf attire. Among its brand ambassadors are PGA tour players Brandt Snedeker, Louis Oosthuizen, and Bill Haas. In 2015, the brand was selected as the official apparel provider for the International Team at Presidents Cup in South Korea.