Luxury goods conglomerate Richemont, renowned for its prestigious Jewellery Maisons, including Buccellati, Cartier, and Van Cleef & Arpels, saw growth across most business areas for its third quarter ending December 2023, with Jewellery Maisons continuing to generate the strongest performance of +12% and +6% at constant and actual exchange rates, respectively. The jewellery division generated the strongest sales increase (+12% to \u20ac3.95 billion), underpinned by solid jewellery and watch sales, it said.<\/p>\n
For the quarter ending December 2023, Richemont’s overall sales reached \u20ac5.6 billion, reflecting an 8% increase at constant exchange rates and a 4% increase at actual rates. The positive results were achieved amidst a challenging global economic and geopolitical landscape.<\/p>\n
Regionally, growth was observed across almost all areas, with Japan, Asia Pacific, and the Americas leading the surge. Breaking down the quarterly figures, the Asia Pacific region stood out with a 13% growth, propelled by a substantial 25% increase in mainland China, Hong Kong, and Macau combined. In contrast, Europe experienced a 3% decline, primarily due to reduced tourist spending despite higher sales to Chinese and domestic clienteles. The Americas saw an 8% rise in sales, driven by a resilient economy and lower purchases abroad by domestic clientele.<\/p>\n
Noteworthy is the exceptional growth in Japan, where sales surged by 18%, attributed to growing domestic sales and strong tourist spending, particularly from Chinese clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
Luxury goods conglomerate Richemont, renowned for its prestigious Jewellery Maisons, including Buccellati, Cartier, and Van Cleef & Arpels, saw growth across most business areas for its third quarter ending December 2023, with Jewellery Maisons continuing to generate the strongest performance of +12% and +6% at constant and actual exchange rates, respectively. The jewellery division generated…<\/p>\n","protected":false},"author":1,"featured_media":24557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-24556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n