Richemont, the Swiss luxury goods group, announced its sales results for the first quarter ended 30 June 2021.
Strong start to the financial year with Group sales up by 129% at constant exchange rates and 121% at actual exchange rates compared to the first quarter ended 30 June 2020.
The 129% increase in sales was led by the Jewellery Maisons and Specialist Watchmakers with a growth of 142% and 143%, respectively.
The Americas generated the strongest regional performance, with sales increasing by 276% driven by strong local demand, followed by the Middle East and Africa with sales up by 154%.
Wholesale and retail led channel growth, with sales progression of 178% and 138%, respectively.
Alex Shishlo for Rough&Polished
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