Switzerland-based luxury goods holding company Richemont has reported its performance for the last three months of 2021, announcing sales were up by almost a third, “spurred by strong demand for its jewelry and watches in the Americas and Europe,” IDEX Online reports.
Richemont said that for Q3 (ended December 31, 2021), revenue “was higher than expected” at $6.4 billion – a rise of 32% year-on-year. Growth across jewelry maisons was up 38% year-on-year, and up 55% on pre-pandemic 2019. Sales at Richemont’s watch brands (IWC Schaffhausen, Piaget and Vacheron Constantin) were up 25% on 2020 and 55% on 2019.
According to Richemont, growth in sales was in double-digits “across all regions, channels and business areas, with the strongest performance from the Americas and Europe […]”.
