Johann Rupert’s Richemont Sees Sales Reach $24 Billion

Richemont surprises with strong sales growth. What this has to do with restrained pricing policy – and why the company puts the China fluts away well.

Richemont, a Swiss group of luxury goods owner of teachers such as Cartier and Van Cleef & Arpels, has closed a good fiscal year despite the widespread crisis affecting the sector and the economic uncertainty generated by the tariff war. Read

Johann Rupert’s Richemont sees sales reach $24 billion

Key PointsRichemont's annual sales rose to $24 billion, driven by strong jewelry demand and growth in the U.S., Europe, Japan, and the Middle East.Jewelry sales surged 8% to $17.13 billion, powering a 17% profit rise despite slower watch sales and weak performance in China.Direct-to-consumer revenue hit 84% as retail climbed 6%, but total assets fell 4% amid mixed regional and segment performance.Richemont, the Swiss luxury group controlled by S…