Profits dip at RichemontSubscription
Swiss luxury goods group Richemont, the parent company of jewellery and watch brands including Cartier, Panerai and Jaeger-LeCoultre, saw operating profits dip by 4% in the six months to September 30, 2014.
Watches and jewellery aid Richemont profit hike Subscription
Profits at Swiss luxury goods group Richemont increased 43% last year, with jewellery sales soaring by 32% and watches by 31%.
The iconic Swiss watch brand will be sold at Laings’ recently refurbished store.
Sales at constant exchange rates increased by 24% at Swiss luxury goods group Richemont for the three months ended December 31, 2011, with watch and jewellery sales also showing growth.
Sales at Richemont increase 35%Subscription
Sales at Richemont for the five months ended August 31 2011 increased by 29% at actual exchange rates and by 35% at constant exchange rates.
Luxury goods group Richemont has reported a 33% increase in sales to €6,892 million (£6,123 million) and a 63% increase in operating profit to €1,355 million (£1,204 million) in its annual report and accounts for the year ended 31 March 2011.
Richemont Q3 sales soarSubscription
Luxury goods group Richemont enjoyed double-digit growth in all of its business areas in Q3 but said it expects a “challenging” Q4 when it will face tougher prior-year comparatives and a stronger Swiss Franc squeezing its gross margin.
The Swiss luxury goods group Richemont’s end of year report reveals a modest 4% decline in sales to €5,176m (£4,415m), from €5,418m (£4,622) year-on-year. The results followed a wave of stockists reduced inventories and currency translation losses, which affected profits.
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