All geographic regions posted growth at constant exchange rates, with particularly strong double-digit results in the Americas, Japan, the Middle East and Africa. Sales in the Americas increased 14 percent at constant rates, supported by strong local demand in all business areas and major markets. Europe recorded growth of 8 percent, backed by local demand and support for tourism spending, especially from visitors from North America and the Middle East, with the United Kingdom and Italy achieving notable performances.
Richemont SA posted a strong third quarter of FY26, with sales reaching €6.4 billion (~$7.424 billion), up 11 percent at constant exchange rates, led by retail strength and broad regional growth. The Americas, Japan, the Middle East and Africa all posted double-digit gains. Nine-month sales rose 10 percent at constant rates, while disciplined investment supported growth amid monetary and cost pressures.
The Middle East and Africa emerged as the fastest-growing region, with sales up 20 percent, led by strong momentum in the United Arab Emirates and double-digit growth across all business areas. Asia Pacific sales rose 6 percent at constant rates. Sales in China, Hong Kong and Macau together rose 2 percent, driven largely by strong activity in Hong Kong, while South Korea and Australia posted solid growth. Japan was a standout performer, with sales up 17 percent, Richemont said in a news release.
By distribution channel, retail continued to lead growth, with sales up 12 percent at constant exchange rates and accounting for 72 percent of group sales. Online retail sales rose 5 percent at constant rates.
The group's “Others” business area remained practically stable. Within this segment, Fashion and Accessories Houses recorded a 3 percent increase in their sales.
During the quarter, the group benefited from new product launches and impactful communication, with Peter Millar and Gianvito Rossi recording strong momentum within the Fashion and Accessories segment.
For the nine-month period (9M) of FY26, Richemont reported sales of €17 billion, representing growth of 10 percent at constant exchange rates and 5 percent at real exchange rates. Growth during the period was widespread across all regions, channels and business areas.
The group continued to invest steadily to foster the long-term growth prospects of its Maisons amid a complex macroeconomic environment characterized by weakening major trading currencies and rising material costs, which continued to weigh on margins. Richemont ended the period with a strong net cash position of €7.6 billion, compared to €7.9 billion a year earlier.
Fiber2Fashion News Desk (SG)
