Compagnie Financiere Richemont SA– think Cartier, IWC and Dunhill, rose 37 per cent in the past five months. Double-digit increases in every product category and region (except Japan)– not bad! Richemont attributes the growth to the low figures in the same period last year, and to the acquisition of Net-a-Porter, the online retailer we are sure you all know and love! It’s still too soon to declare the recession securely in the past, but even without Net-a-porter, a 5 month growth of 22 per cent, ain’t at all shabby. The biggest growth-region, as expected, was Asia-Pacific. We assume the Chinese have a huge part in this area’s 51 per cent sales increase. Sales in North America rose 52 percent, though in proportion to a terrible year last year. Nice to see things are looking up for consumers around the world, and that our favourite brands are taking back the night!
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