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Growth for Richemont

Luxury group Richemont has reported revenues of almost  €7.4 billion for the first six months of its business year, the period ending September 30. This represents growth of 8.6% compared  to the same period a year earlier.

The group said Japan, with growth of 21%, and the Americas, with an increase of 11%, were two  regions that “outperformed” and it said sales of leathergoods at two of its brands, Montblanc and Chloé, were also worthy of note. 

Commenting on the results, chairman of the Geneva-based group, Johann Rupert, said: “The group benefited from successful product launches and continued to make progress in adapting to an interconnected world in which digital plays an increasing role. Geopolitical tensions around the world have affected customer sentiment. Global events are beyond our control and while we have remained responsive to market challenges, we have also continued to invest in our maisons, reinforcing our long-term approach to developing Richemont’s businesses.”

Image: Chloé.

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