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Richemont’s third-quarter sales rose 14% as jewelry demand surged in Asia and the Americas, boosting profits and shares despite ongoing global challenges.
Richemont, owner of Cartier, reported a 14% rise in third-quarter organic sales, exceeding expectations, driven by strong demand in the Americas and Asia-Pacific, including China, Hong Kong, and Macau, where growth resumed after nearly two years of decline.
The company’s core jewelry business led gains with a 17% sales increase, supported by stable pricing and high-value products.
Net profit reached €1.8 billion, boosted by a prior non-cash writedown, while shares rose 6.5%.
Despite ongoing challenges from currency shifts, high gold prices, and potential U.S. tariffs that could cost up to €350 million annually, Richemont remains optimistic about the holiday season, citing broad regional and product line growth.
Las ventas de Richemont en el tercer trimestre aumentaron un 14% a medida que la demanda de joyas aumentó en Asia y las Américas, impulsando las ganancias y las acciones a pesar de los desafíos globales en curso.