Luxury group Richemont, the parent group of leathergoods brands including Alaïa, AZ Factory, Chloé, Delvaux, Dunhill and Montblanc, has reported revenues of more than €5.2 billion for the first quarter of its current business year, the three months to June 30, 2022, writes Leatherbiz
This figure represents an increase of 19.7% compared to the same quarter a year ago. The group said its strong performance had been driven by higher sales in Europe, the Americas, Japan, the Middle East and Africa. It said this had more than offset lower sales in the rest of Asia.
Sales in Europe were up by 42% year on year, while growth in Japan was 83%. Revenues from other Asian markets were down by 25%.
Richemont’s largest single market for the quarter was the US; sales there contributed more than 20% of total revenues.