RichemontNews and articles about Richemont
Richemont has announced the appointment of Stanislas de Quercize as the chief executive officer of Cartier to succeed Bernard Fornas, by the end of this calendar year.
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.
Specialist watchmakers’ sales increased by 30% and jewellery sales grew by 34% at Richemont, for the six month period ended 30 September 2011.
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.
Swiss luxury goods group Richemont plans to hire 1,900 people over the next two years in order to meet demand, following a successful first quarter that saw its net profits surge by 79%.