Swiss luxury group Richemont reported a robust start to its financial year, with total sales rising by 20 percent at constant exchange rates (17 percent at actual exchange rates) to reach 6.33 billion euros for the first quarter ended 30 June 2026.
The group’s stellar performance was spearheaded by its jewellery maisons comprising Cartier, Van Cleef & Arpels, Buccellati, and Vhernier, which delivered a remarkable 24 percent increase in sales at constant rates to 4.73 billion euros. This achievement marks the division's seventh consecutive quarter of double-digit growth, underpinned by sustained demand across both iconic jewellery and timepiece lines.
Meanwhile, the watch division, including prestigious brands such as Vacheron Constantin and Jaeger-LeCoultre, recorded sequential momentum with sales rising 8 percent at constant rates to 873 million euros. A softer market performance in China, Hong Kong, and Macau was largely offset by gains in other Asian territories, alongside strong results in the Americas and Japan.
Geographically, regional growth was broad-based and driven by resilient local clientele. Japan led expansion with a 36-percent jump at constant rates (+20 percent actual), whilst the Americas surged by 27 percent (+25 percent actual). Europe also delivered solid double-digit growth (+11 percent constant), and sales in the Middle East & Africa returned to positive territory. (Photo courtesy: Vhernier)
07-09-2026
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