Long-term focus is paying off, Richemont says
Luxury group Richemont has posted full-year revenues of €22.4 billion for the 12 months ending March 31, 2026, signalling growth of 5% compared to the previous year.
The group classifies its footwear and leathergoods brands, which include Gianvito Rossi, Delvaux, Serapian, Alaïa, Chloé, Dunhill and Montblanc, as ‘other business’ these days, highlighting in greater detail the performance of its jewellery and watch brands.
Jewellery brought in €16.5 billion, increasing by 8% compared to the previous financial year. The watches division achieved revenues of €3.1 billion, which was down by 4% year on year. Other business contributed €2.7 billion, 2% down on the previous year.
Chairman, Johann Rupert, said Richemont had successfully navigated the fast evolving geopolitical and macroeconomic conditions and was intent on maintaining its brands’ long-term focus.
Image: Gianvito Rossi.
