Richemont Jewelry Sales Rise 16% in Q4
8 Articles
8 Articles
The jewellery brands carry the Geneva luxury group through a difficult market environment. The watch business remains weak.
Luxury goods group Richemont achieved double-digit revenue growth in the past fiscal year. The war with Iran is impacting business in the Middle East, while its US operations are booming. Nevertheless, the share price has fallen.
13:53 The Swiss luxury group Richemont presents better-than-expected results due to strong demand for expensive jewelry. Sales of this compensate for the stalled market in the Middle East due to the I...
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The Swiss group recorded quarterly growth well above the expectations and performance of its competitors, including Hermès. Profitability in jewellery, however, was slightly disappointing to investors.
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