Sales at the company’s jewellery brands, which include Cartier, Van Cleef & Arpels, and Buccellati, improved by 7 per cent on a year-on-year comparison for the three months ending 30 June. The group enjoyed strong sales in the US and Europe, while experiencing a downturn in Japan and China.
Revenue from specialist watch brands, which includes A. Lange & Söhne, Piaget, and Vacheron Constantin, declined by 10 per cent on a year-on-year comparison.
Overall revenue increased by 3 per cent, reaching €5.41 billion ($AUD6.27 billion).
This statement follows strong jewellery sales for the company in the previous financial year. At the time, chair Johann Rupert discussed the negative impact that price rises appeared to have on competitors, suggesting that prioritising long-term relationships with customers was critical.
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