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Stories for 04/2005
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.
Luxury trend boosts jewellery sales at Richemont
Wednesday, 27th April 2005 (11176 views)
Richemont has reported a rise in sales, as it released its sales update today.According to the luxury company, total sales increased by ten per cent to £2.5 billion for the year to the end of March.
The brand has been boosted by the current boom in luxury spending and is the second biggest luxury house behind LVMH.
Richemont sells items included Cartier watches and saw jewelery and watch sales report strong results.
Jewellery sales were up by eight per cent to just over £1.3 billion, with the Van Cleef & Arpels brand also performing well.
Sales at Cartier were helped by the launch of a number of new watches and operating profit is expected to significantly improve.
Detailed full year results are expected on June 29th.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.
