18 November 2021
Swiss luxury group Richemont has reported a year-on-year sales boost of 63% for the first half (H1) of the year, a figure which also represents a 20% increase on 2019’s comparative, pre-pandemic period, reports Leatherbiz.
The company saw triple-digit growth across the Americas, it said, bringing sales figures for the region (around €1.93 billion or $2.2 billion) closer to those of Europe (roughly €2 billion or $2.3 billion) for the six-month period.
All regions achieved double-digit sales increases in H1, with Asia-Pacific contributing the largest share of group sales (42%).
Hard luxury in the form of jewellery (+67% year on year, achieving record half-year sales) and watches (+74%) led the group’s performance.
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