Strong Asia growth boosts Richemont’s first-quarter sales
Luxury goods company reports a 9% year-on-year sales increase at constant exchange rates
18 July 2019 - 08:16
The Rupert family-controlled Richemont, which owns the Cartier and Van Cleef & Arpels brands, grew sales by 12% in the three months to end-June thanks to strong growth in Asia and rising online sales.
The group, whose R629bn market value makes it the fourth-biggest constituent of the JSE’s top-40 index, said first-quarter sales rose 12% year on year at actual exchange rates, or 9% at constant exchange rates...
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