Richemont

Richemont’s Q3 sales rose 10% to €6.2bn, showing a strong finish to the calendar year. Impressive double-digit growth occurred in the Americas (22%), Europe (19%), Middle East & Africa (21%), and Japan (19%), while Asia Pacific saw a -7% decline. Jewellery Maisons grew 14%, while Specialist Watchmakers fell -8%, and ‘Other’ increased by 11%. Net cash position of €7.9bn at the end of December.
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