The Swiss group’s revenue continued to grow in the first quarter of 2025-26, which ended in June. Strong growth in its watch division offset weaker sales in the jewelry and Japanese markets.
Richemont continues to withstand the headwinds facing the luxury sector.
After achieving solid sales in fiscal year 2024-2025 (+4% at constant exchange rates and in real terms), the Swiss group announced revenue up 6% at constant exchange rates (+3% at actual exchange rates) to €5.4 billion in the first quarter of 2025-26, which ended in June. This was a challenge in the “volatile macroeconomic and geopolitical environment” highlighted by Richemont in its press release.
Very mixed performance
However, this overall figure masks very mixed performance for the owner of brands such as Cartier, Buccellati, Chloé, Piaget, and Van Cleef & Arpels.
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Read also > Richemont signs off on a promising 2024-25 financial year
Featured photo: © Van Cleef & Arpels
