Leathergoods shine in challenging year for Richemont - leatherbiz: Lea Leatherbiz

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Leathergoods shine in challenging year for Richemont

15/05/2017
Luxury group Richemont, the owner of leathergoods brands Dunhill and Lancell as well as watchmaker Montblanc, report sales of €10.65 billion in 2016, a 4% drop compared to the previous year.

Profit for this period was €1.21 billion, 46% lower year-on-year.

The company explained that a growth in sales of jewellery, leathergoods and writing instruments “partly mitigated” weak wholesale sales, which fell 14% during the 12 months.

The chairman of Richemont, Johann Rupert, admitted that 2016 “posed challenges” for the company. He added that it had taken “significant measures” to ensure Richemont is well positioned for the future. 

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Piquadro completes acquisition of Lancel 05/06/2018
Richemont increases its focus on leathergoods 23/05/2018
Richemont committed to leathergoods brands 16/01/2018
Polimoda launches new luxury business programme 04/01/2018
Richemont snaps up Italian leathergoods brand 14/11/2017
Richemont braces for new era 25/09/2017
Montblanc celebrates its leathergoods heritage 26/07/2017
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