Richemont, the luxury group behind brands such as Cartier, Delvaux, and Montblanc, recorded an 11% increase in revenue to €6.4 billion during the recent holiday season. Jewelry was the main driver of this growth.
Growth in all regions
The group achieved this increase in revenue in the third quarter despite challenging market conditions, such as rising raw material prices and a decline in demand for luxury goods. Jewelry remains the main driver of revenue, with an increase of 14% to €4.79 billion. The watch division also recovered, with growth of 7%.
