Richemont Holiday Sales Hint a High-End Rebound

Sales at Richemont’s jewelry maisons jumped 9 percent to $1.86 billion (EUR 1.75 billion) in the third fiscal quarter as the luxury house observed resurgent demand in the U.S. and Asia.

The jewelry maisons, which includes Cartier and Van Cleef & Arpels, saw sales at constant exchange rates rise 8 percent during the three months to December 31, which includes the holiday season, the Geneva-based luxury group reported.

 

BRON: Rapaport 12-1-2017