LONDON— Compagnie Financière Richemont said sales jumped 23 percent in the five months to Aug. 31.
At constant exchange rates, sales would have grown 13 percent compared to the same period last year, with the firm noting a weakening euro had positively impacted its reported revenues.
The figures — announced ahead of the firm’s annual general meeting today — reflect a strong performance in Europe, where sales grew 23 percent at current exchange rates, buoyed by business at Richemont’s retail locations in major tourist destinations.
Sales in the Asia-Pacific region grew 27 percent at actual currency rates and 12 percent at constant rates, while in the Americas sales rose 19 percent at actual rates and 6 percent at constant rates. Richemont noted the slowing of sales growth in the Americas was partly due to the timing of exceptional sales during the year-ago period.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)