Luxury goods group Richemont sees strong first quarter sales growth

COMPAGNIE Financière Richemont SA increased sales 6% to €5.4 billion in the quarter to June 30, 2025, the Switzerland and JSE-listed luxury goods group that trades under brands such as Cartier, Paige and Van Cleef & Arpels said Wednesday.

- EDWARD WEST

The increase in the group first quarter sales was in spite of a volatile macroeconomic and geopolitical environment in many markets. The growth was led by double-digit increases in Europe, the Americas and Middle East & Africa, more than offsetting Japan's sales decline against high prior-year comparatives.

Sales in the Asia Pacific region remained stable. In Europe, sales grew by 11%, driven by robust demand from local clients and overall positive tourist spend, supported by successful jewellery events. Almost all main markets in the region saw an increase in sales this quarter, with notable performances in Italy and Germany, the group said in a statement.