Consumer

Richemont Sales Jump on Resilient Demand for Cartier Jewelry

Richemont SA posted a rise in full-year sales as the continued popularity of its Cartier brand allowed the Swiss group to be more resilient than rivals in a softening luxury-goods market. Bloomberg’s Charlie Wells breaks down the situation.Source: Bloomberg

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By Angelina Rascouet

May 16, 2025 at 5:47 AM UTC

Updated on

May 16, 2025 at 8:20 AM UTC

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Richemont SA posted a rise in full-year sales as the continued popularity of its Cartier brand made the Swiss group more resilient than rivals like LVMH in a softening luxury-goods market.

Sales in the year ended March at Richemont’s jewelry unit, which also includes Van Cleef & Arpels, rose 8% at constant exchange rates, the company said in a statement Friday. Analysts were expecting a gain of 7.54%. In the most-recent quarter, the division’s revenue soared 11%.