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Slow growth for Richemont in Q3

Published: January 19, 2023

Richemont has reported its third-quarter financial results, achieving an increase in group sales of 5% year-on-year at constant rates.

Strong growth offset by China for Richemont in Q1

Published: July 19, 2022

Swiss luxury group Richemont has posted its first quarter results, with growth weakened by Covid-affected China results.

Leather goods and saddlery lead Hermès Q1 sales rise

Published: April 19, 2022

The French luxury group announced on April 15 that revenues at constant exchange rates came in at €2.8 billion (US$3.06 billion) in the three months to March, up 27% at constant exchange rates, beating consensus estimates, which had forecast 15% organic growth.

Transport costs could dampen hide price rises

Published: August 19, 2021

There is a feeling coming out of China that the top of the market for hide prices may now be with us. According to theSauerReport, there are reports of more wet salted and brine cured hide trades taking place between tannery groups, a sure sign that some feel that they are over stocked and need to free up cashflow.

Aeffe sees sales jump 76% in Q2-2021

Published: August 17, 2021

The Italian luxury group, which owns fashion labels Moschino and Alberta Ferretti, has reported a sales increase of 76% in the second quarter of 2021 to €74.9 million.

Hermès attributes positive 2021 results to business model

Published: August 2, 2021

The French luxury house’s consolidated revenue amounted to €4,235 million in the first half of 2021, up 77% at constant exchange rates and 70% at current exchange rates compared with 2020.

Richemont reports Q1 results and board members step down

Published: July 22, 2021

The Swiss luxury group, which owns brands such as Cartier, IWC, Piaget and Jaeger-LeCoultre, has reported a strong start to the first quarter ending June 30, after a successful previous financial year, as previously reported by ILM.

Richemont announces strong financial year 2021

Published: May 24, 2021

The Swiss luxury group, which owns brands such as Cartier, IWC, Piaget and Jaeger-LeCoultre, has announced its fiscal year results ending March 31, 2021, with a strong performance led by Jewellery Maisons, online retail and Asia Pacific.

Ferragamo releases first quarter results

Published: May 12, 2021

The Italian fashion house has released its interim reports as of March 31, 2021, showing a 10.3% revenue increase, an operating profit of €7 million and confirming the Asia Pacific region as the group’s top revenue market.

Hermès sales up 44% in first quarter

Published: April 23, 2021

The French luxury Group’s consolidated revenue amounted to €2,084 million in the first quarter of 2021, up 44% at constant exchange rates and 38% at current exchange rates, attributed to an outstanding performance in Asia and Japan, the upturn in America and a good resistance in Europe. The organic revenue growth was 33% compared to the first quarter of 2019.