Thursday, 9 September 2010

Richemont Sales On The Rise 9/9/10

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!


Follow MO Luxury's Facebook page for more luxury news...

No comments:

Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,