Cartier-maker Richemont said its sales rose by a better-than-expected 12 percent at constant currency in the five months to Aug. 31, helped by easy comparables and a strong performance in its jewellery business.
Cartier owner Richemont said it expects the trading environment to stay volatile after net profit slid more than the market expected but sales growth picked up towards the end of its fiscal year to March.
The world’s leader in luxury eyewear announced on Friday an increase of 5.2% in sales in the first quarter, to 2.38 billion euros but like-for-like sales fell 3.5 percent in the first quarter due to online promotions.
French luxury goods group Hermès said on Thursday that sales growth accelerated in the first quarter, driven by demand from Asian customers, providing further evidence of a broader recovery in the luxury goods industry.
Outgoing Balenciaga boss Isabelle Guichot, who was expected to remain with parent Kering, has reached an agreement to leave the French luxury and sports group, sources close to the company told Reuters.