Swiss luxury goods group, Richemont, has announced an increase in sales for the third quarter of the current fiscal year. The group, that includes brand names such as Cartier, Dunhill, Montblanc, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, and IWC, reported a 9% growth in sales for the quarter ended December 31, 2004. Underlying sales in local currencies grew by 13%.

Within leather and accessories, Alfred Dunhill’s continued growth in its key Asian markets as well as in the United States was partially offset by lower sales in Europe. Lancel saw the re-opening of its Paris flagship boutique in September and benefited from the launch of new products. Montblanc reported very good sales growth during the quarter, benefiting from new product launches, including the NightFlight range of leather goods, and the increased level of sales through its own boutique network.

The group has also announced that CEO of Van Cleef & Arpels and of Lancel, Isabelle Guichot, will leave the group and resign her position as a director of Richemont SA, the Group’s management board, at the end of January 2005.

Ms Guichot has resigned to diversify her experience in the luxury goods industry.

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