Richemont, the reputed Swiss luxury group, has witnessed its third quarter sales surge by 32 per cent year-on-year to clock €5.7 billion.
The rise has been 38 per cent when compared to the same quarter of 2019.
Notably, the group has seen a double-digit growth across all its segments and regions –especially in its Europe and Americas markets.
From the category perspective, sales at fashion and accessories labels rose by 37 per cent to post €610 million.
Its ‘online distributors’ segment saw 15 per cent rise in sales to €785 million. It is imperative that the ‘online distributors’ section also comprised its e-commerce platform YNAP.
Region-wise, The Americas saw a robust growth of 55 per cent to €1.3 billion, while sales across Europe went up by 42 per cent to €1.4 billion. Asia-Pacific, its biggest market, saw sales rise by 18 per cent to €2.1 billion.
Founded in 1988, Richemont is known for its apparels, accessories and watches, amongst others. It generated €14.238 billion in 2020.
