Richemont’s specialist watchmaking division elevated gross sales by 3% within the essential October-December buying and selling interval, with in-house boutiques for A. Lange & Söhne, IWC, Jaeger-LeCoultre and Vacheron Constantin rising quick sufficient to offset a double-digit decline in wholesale gross sales.
A blended image is that Richemont’s international dimension and variety protects it from a 3% decline in gross sales in its European watch and jewellery heartland.
America managed to exceed 2022’s stellar efficiency over the vacation season, recording an 8% enhance in gross sales this yr.
Asia was the most well liked market. Gross sales in Asia Pacific exceeded €2 billion within the quarter, up 13% year-on-year. Gross sales in Japan grew even sooner, up 18% to €514 million.
Richemont’s jewellery homes – Buccellati, Cartier and Van Cleef & Arpels – posted the largest enhance in gross sales, up 12%, with each jewellery and watch gross sales contributing.
Complete income for the quarter elevated 8% at fixed change charges to five.6 billion euros.
