Richemont posts improved sales
Swiss luxury goods group Richemont has reported improved sales for the first quarter ended June 30.
According to the company, the first three months saw a continuation of the growth seen during the preceding twelve months. In the three-month period, overall sales grew 9% at actual exchange rates, whilst underlying growth of 15% at constant exchange rates was offset by the weakness of dollar-related currencies and the yen during the period.
In its Leather and accessories Maisons, sales at constant exchange rates improved 7% to reach €62 million. Alfred Dunhill reported sales growth of 7%, mainly driven by