The big groups are buying factories, courting artisans and pumping up their accessories offers.
The Asia Pacific region delivered double-digit growth in the 12 months.
Net proceeds will be used for the group’s general corporate purposes and may fund the acquisition of YNAP.
Richemont will publish its offer document on March 18.
Company sales climbed 10 percent to 5.61 billion euros, while profits were up 80 percent to 974 million euros.
Cartier’s parent has joined luxury groups in shaking up its business.