Richemont : Jewellery still doing well despite China
>Strong activity outside China, Q1 sales should make a good impression especially at the Jewellery Maisons - The group had already said in the wake of the annual results publication in May that sales had continued to show very good trends in April and May everywhere outside China, with in particular positive growth across Asia Pacific+Japan (for the Jewellery Maisons division: Asia-Pacific represented 44% of sales in FY 2021-22 and Japan 7%, we think that mainland Chi...Compagnie Financiere Richemont is engaged in the luxury goods market. Co.'s interests encompass some names such as Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Co.'s luxury goods businesses are separated into four segments: Jewellery Maisons (design, manufacture and distribution of jewellery products), Specialist Watchmakers (design, manufacture and distribution of precision timepieces), Montblanc Maison (design, manufacture and distribution of writing instruments) and Other Businesses (Alfred Dunhill, Lancel, ChloA(c), Net-a-Porter, Purdey, textile brands and other manufacturing entities).
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