Published 11 days ago • loading... • Updated 9 days ago

Cartier Owner Richemont Sales Rise as Rich Shoppers Spend on Jewellery

Richemont, the Swiss luxury group, reported a 6% sales increase to 5.4 billion euros for its fiscal first quarter ended June 30, 2025.
This growth followed a currency-fueled surge in the prior-year period, but weakening demand in Japan and Asia partly offset gains in the Americas and Europe.
Growth was primarily driven by an 11% increase in jewelry sales, while the specialist watchmakers segment experienced a 7% year-on-year decline.
Richemont ended the quarter with a net cash balance of 7.4 billion euros, reflecting the April divestment of Yoox Net-A-Porter to Mytheresa. Jelena Sokolova indicated that the company is expected to maintain a stronger performance relative to its industry peers.
The results suggest Richemont remains resilient amid volatile macroeconomic conditions, boosted by strong jewelry demand and regional sales growth despite challenges in Japan and parts of Asia.

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