Richemont’s sales jump a third over festive period

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Richemont’s sales jump by a third over festive period

Richemont, the Swiss luxury goods group controlled by Johann Rupert, says strong demand for jewellery in the Americas and Middle East helped sales grow by a third in the three months to end-December, also boosted in part by a partial return of tourism spending.

Richemont’s iconic brands include Cartier, Van Cleef & Arpels, Mont Blanc and Piaget, and the global luxury goods market benefited in 2021 from pent-up demand as global economies opened up with the ramp-up in vaccination programmes.

 

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