At the regional level, the Americas saw the greatest growth with 22 percent, followed by the Middle East and Africa (21 percent), Europe (19 percent) and Japan (15 percent). However, income in Asia Pacific decreased by 7 percent year -on -year, Richemont said in a press release.
Richemont has reported q3 fy24 sales € 6.2 billion (~ $ 6.51 billion), 10 percent more. The Americas led regional growth (+22 percent), while Asia Pacific decreased by 7 percent. Retail sales increased by 11 percent, retail online 18 percent and by whoever 4 percent. Nine -month sales reached 16.2 billion euros (~ $ 17.11 billion), 4 percent more at constant rates.
On a distribution channel, retail sales increased 11 percent to € 4,382 million (~ $ 4,502.5 million), while online retail trade grew 18 percent to € 419 million. Wholesale and royalty revenues increased 4 percent to € 1,349 million.
The fashion and accessories maisons saw their sales increase by 7 percent, due to continuous progress in Alaia and Peter Millar, as well as the additional contribution of Gianvito Rossi, consolidated since February 1, 2024.
Sales of nine months (9 m) of the group reached 16.2 billion euros (~ $ 17.11 billion), a 4 percent increase to constant exchange rates and 3 percent to exchange rates Real.
YOOX NET-A-PORTER (YNAP) registered a sales reduction of 15 percent to constant exchange rates (-14 percent to real change rates) during the three months and decreased 15 percent to rates of rates of rates constant and real change for nine months.
Fiber2Fashion News Desk (SG)
