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Retail Asia17/01/2019
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Fashion

Richemont Group sales soars after YNAP acquisitions

4min1
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion. It was largely down to the inclusion of online acquisitions Yoox-Net-A-Porter (YNAP) and Watchfinder, which were consolidated into the group’s accounts on May 1 and June 1, respectively. But even excluding that, the sales growth was still strong at 5 per cent […]
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Retail Asia15/01/2018
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Fashion

Richemont asia pacific rocket sales

3min0
Asia Pacific has continued double-digit growth for heritage brand owner Richemont for its third quarter to the end of December. Total sales in the quarter increased by 7 per cent at constant exchange rates and by 1 per cent at actual rates over the same period a year earlier. Retail sales were mainly driven by […]
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Retail Asia28/05/2016
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Fashion

Richemont Asia stores set for cull

2min0
Feeling the pinch from a tough trading environment, luxury goods retailer Richemont has announced restructuring measures, including the closure of stores. Richemont Asia sales have declined despite a 26 per cent increase in sales in Mainland China. Global sales fell 18 per cent in April, and the company reported a 23 per cent drop in […]
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