LONDON — Compagnie Financière Richemont SA, the Geneva-based luxury goods group, said Wednesday that revenues grew 9.8 percent in the financial year ended March 31 to 5.3 billion euros, or $7.5 billion, from 4.82 billion euros, or $6.8 billion.
The company attributed the rise in sales to strong growth in Richemont's specialist watch-making businesses and a growing demand for its luxury goods in the Asia-Pacific region, particularly in China and Hong Kong.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)