News 
At the end of the first five months of its 2017/2018 fiscal year, on August 31st, Richemont announced a 12% increase in sales at constant exchange rates, 10% at current rates.
This double-digit growth is mainly due to strong performance from jewellery brands (+16% at current rates), while watch brands post a 6% sales increase. All markets are on the rise and particularly in the Asia-Pacific region (+22%). Europe shows contrasting results, with an overall 3% increase.
At the group’s Annual General Meeting, held on September 12th, the shareholders elected eight new directors, including Nicolas Bos, at the head of Van Cleef & Arpels, Jérôme Lambert and Anton Rupert Jr, son of Johann Rupert, the third family member to sit on the Board of Directors. These non-executive directors, from a variety of backgrounds, will reinforce the group’s capacities in the fields of new technologies, digital marketing and e-commerce.
September 21, 2017