News 
At the close of the first quarter of its 2022/2023 financial year (April to June), the Richemont group announced double-digit sales growth of 12% at constant exchange rates (20% at actual rates), to 5.2 billion euros.
All channels recorded sales growth, with retail posting the strongest relative channel performance. Despite the disruption experienced in China, the Jewellery Maisons generated a 12% sales growth benefitting from thriving retail sales and solid jewellery and watch sales at Buccellati, Cartier and Van Cleef & Arpels. The Specialist Watchmakers’ sales increased by 10%, driven by online and offline retail sales, which together contributed to 53% of the business area sales. Growth was achieved in most Maisons and regions with an ongoing outperformance of A. Lange & Söhne, Officine Panerai and Vacheron Constantin.
August 18, 2022