Richemont's Q3 sales boosted by growth across geographies
1 month ago - By Fashion United
For the third quarter to December 31, 2019, Compagnie Financière Richemont SA said sales progressed by 4 percent to 4,156 million euros , with growth in all regions except Japan. Sales in Europe grew by 9 percent to 1,263 million euros, benefiting from favourable comparative numbers and strong sales in most markets. The company added that sales in Asia Pacific increased by 2 percent to 1,429 million euros , driven by strong double digit sales growth in China and Korea, which more than offset a severe sales contraction in Hong Kong SAR, China and contrasted performances in other Asian...
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Hong Kong Unrest, Decline in Japan Demand Dent Q3 Growth at Richemont
1 month ago - By WWD
PARIS - Hong Kong's woes weighed on third-quarter growth at Compagnie Financière Richemont, with sales up 6 percent to 4.2 billion in the three months to Dec. 31.
Sales in the crucial pre-Christmas trading period rose 4 percent at constant exchange rates as Richemont's jewelry houses, and Europe, notched the strongest growth.
In the first half of the year, Richemont reported a 9 percent increase in sales to 7.40 billion euros. At constant exchange, growth was 6 percent in the period.
In the first three months of fiscal 2019-20, sales were up 12 percent at actual exchange, and 9 percent at...
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