Sales at the company’s luxury brands, which include Cartier, Van Cleef & Arpels, and Buccellati, increased by 9 per cent on a year-on-year comparison for the six months ending 30 September.
Revenue increased in the US market by 15 per cent, while sales in Europe spiked by 23 per cent.
During a sales call, Richemont CEO Nicolas Bos was asked how the company’s brands had weathered the impact of adverse economic conditions, including US tariffs, and said that an established market position was critical.
“I think our fabulous product is a good starting point. This is really the long-term view of this group. We have been building legitimacy and desirability over time in pretty much all regions,” Bos explained.
"So of course we see ups and downs linked to the evolution of the economy and geopolitics, but at the end of the day, what we’ve seen now for decades and for some maisons [brands] for centuries, is that there is an attractiveness of exceptional pieces in jewellery, watches, accessories that’s quite constant.”
Richemont’s group sales improved by 5 per cent, reaching €10.62 billion ($AUD18.9 billion) for the six months.
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