Regionally, the Americas saw the highest growth at 22 per cent, followed by the Middle East & Africa (21 per cent), Europe (19 per cent), and Japan (15 per cent). However, revenue in Asia Pacific declined by 7 per cent YoY, Richemont said in a press release.
Richemont has reported Q3 FY24 sales of €6.2 billion (~$6.51 billion), up 10 per cent YoY.
The Americas led regional growth (+22 per cent), while Asia Pacific declined by 7 per cent.
Retail sales rose 11 per cent, online retail 18 per cent, and wholesale 4 per cent.
Nine-month sales reached €16.2 billion (~$17.11 billion), up 4 per cent at constant rates.
By distribution channel, retail sales rose by 11 per cent to €4,382 million (~$4,502.5 million), while online retail grew by 18 per cent to €419 million. Wholesale and royalty income increased by 4 per cent to €1,349 million.
The fashion & accessories maisons saw their sales increase by 7 per cent, due to the continued progress at Alaia and Peter Millar, as well as the added contribution of Gianvito Rossi, consolidated since 1 February 2024.
The group’s nine-month (9M) sales reached €16.2 billion (~$17.11 billion), an increase of 4 per cent at constant and 3 per cent at actual exchange rates.
YOOX Net-a-Porter (YNAP) recorded a sales reduction of 15 per cent at constant exchange rates (-14 per cent at actual exchange rates) for the three months and declined by 15 per cent at both constant and actual exchange rates for the nine months.
Fibre2Fashion News Desk (SG)
