Sales rose 35% at actual exchange rates in the three months to end-December, with luxury goods groups benefiting from pent-up demand
A Cartier store is seen in Hong Kong. File photo: BLOOMBERG/LAM YIK
Group sales of €5.66bn in Richemont’s third quarter were up 32% in constant currency terms year on year, and up 38% from 2019. The strongest growth was generated in the Middle East and Africa, with sales up 65%, benefiting from increased domestic demand and higher tourist spend driven by Expo 2020 Dubai and the year-end holiday season. The Dubai expo had been delayed by Covid-19, and continues until the end of March 2022.
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