Luxury / news
Richemont First-Quarter Sales Rise 20% on Strong Regional Demand
Richemont Group reported first-quarter sales of €6.3 billion, a 20% increase at constant currency, driven by double-digit growth across all regions and a strong performance from its Jewellery Maisons.
The luxury goods conglomerate posted a 17% reported sales jump for the three months ended 30 June 2026, with constant currency growth reaching 20%. Net cash position strengthened to €9.1 billion, partly due to a €0.4 billion inflow from the disposal of its stake in Avolta.
Europe sales rose 11%, supported by local client spending and tourist demand from North America and the Middle East, with notable contributions from France, the UK, and Germany. The Americas saw a 27% acceleration, driven by sustained local demand across all channels and business areas, particularly Jewellery Maisons and Specialist Watchmakers.
Asia Pacific increased 21%, led by the Jewellery Maisons and, to a lesser extent, Fashion & Accessories. Double-digit growth in China, Hong Kong, and Macau was fueled by strong demand in Hong Kong and Macau, while other markets like South Korea and Taiwan also posted robust gains.