Editor’s Note
This article highlights Richemont’s record-breaking quarterly revenue of €6.2 billion, driven by strong holiday sales. The performance underscores a strategic success and a notable trend of narrowing regional sales disparities.
The strategic holiday period proved beneficial for Richemont. At the end of its third quarter (October-December 2024), the group saw its sales reach €6.2 billion (+10%), marking its
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While Asia-Pacific accounted for 31% of Richemont’s sales during this period, the gap between different global regions is narrowing due to underperformance in China (-18%) and rising demand in the Americas. With sales growing by +22%, the latter accounted for nearly 27% of the total quarterly revenue. The same trend was observed in Europe (+19%), which concentrated about 24% of the revenue.
The momentum was also favorable in Japan (+19%), as well as in the Middle East and Africa region (+20%).
Breaking down by sector, the Jewelry activity – driven by Buccellati, Cartier, Van Cleef & Arpels, and the newcomer Vhernier – increased by +14% during this period, accounting for over 71% of Richemont’s sales.
commented the group.
The Fashion & Accessories activity – Alaïa, Chloé, Peter Millar… – climbed by +7%, while the Specialist Watchmaking activity, which brings together several manufactures including Jaeger-LeCoultre, Piaget, and Vacheron Constantin, limited its decline to -8%.
After a first half-year decline of -1%, these new figures put Richemont back on the path to growth: for the first nine months of its fiscal year, the group recorded sales of €16.2 billion, an increase of +4% at constant exchange rates.
