News 
The Richemont Group has announced a 22% increase (25% at constant exchange rates) in its sales for the first five months – ending August 31st 2018 – of its 2018/2019 financial year, reaching 5.67 billion euros.
The two online platforms, Yoox-Net-A-Porter and Watchfinder, account for more than 10% of sales (708 million euros). The jewellery maisons posted sales of 2.88 billion euros, a 11% increase (14% at constant exchange rates), while watch brands achieved 1.3 billion euros, up 2% (4% at constant exchange rates).
The Asia-Pacific region racked up 2.1 billion euros, a 20% rise, while Europe reported 1.7 billion euros (+27%) and the Americas posted 35% growth at 1 billion.
The group also announced the appointment of Jérôme Lambert, currently its Chief Operating Officer, as its new Chief Executive Officer, effective immediately.
September 20, 2018