2023-07-17 07:21:12
Richemont claims 14% (+19% at constant exchange rates) revenue growth in its first quarter, to 5.32 billion euros, ‘performance driven by almost all regions, all distribution channels and all business sectors.
The Swiss luxury group points in particular to a strong rebound in Asia-Pacific which has more than offset weak sales in the Americas, as well as the strength of retail, which now represents 68% of its total sales.
In terms of business sectors, at constant exchange rates, Richemont posted increases of 24% for its jewelry houses, 10% for its specialized watchmakers and 8% for its other sectors (including M&A houses).
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