18 Aug 2019
DiamondWorld Directory
Home |
News
Home
Richemont’s sales up 5% at constant exchange rates
Sales were spurred by jewellery across most regions and watches in the retail channel
By: Diamond World News Service
|
Jan 13 2017 10:36AM
|
Reference: 13801  

DecreaseIncrease
Image Courtesy: Richemont
Image Courtesy: Richemont
At the close of its third quarter period ending December 31, 2016, Richemont announced that its sales rose 5 percent at constant exchange rates and by 6 percent at actual rates compared to the prior year’s period. Growth was driven by jewellery across most regions and watches in the retail channel.

Europe, Asia Pacific and Americas regions showed growth.

Sales in Europe, rose 3 percent contributed mainly by robust local sales and tourist purchases in the United Kingdom as well as strong jewellery sales across the region. The Asia Pacific region also indicated a rise in sales, by 10 percent indicating strong performances in mainland China and Korea. There was an 8 percent increase in sales in Sales in the Americas as jewellery sales were good and the Cartier Mansion in New York reopened.

The Group’s retail sales were up 12 percent, underpinned by solid jewellery sales, positive watch sales and the reopening of the two Cartier stores. The Group also reopened the Cartier flagship store in Tokyo, Japan. Good demand for jewellery products and positive watch sales in retail contributed to the 8 percent sales increase at the Jewellery Maisons.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16512
GJEPC Chairman Interview
Views: 15284
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22139
Promo for IJ Awards 2012 at NDTV Profit
Views: 34946
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38385
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12690
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36431
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34387
Advertisement
Finestar Diamonds
Advertisement
M.Tarun
Member of:
Supporter of: