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Leather and accessories Maisons registers double-digit growth
24 Apr '07
2 min read
The final quarter of the financial year saw a continuation of the strong growth in sales of luxury products seen during the first nine months. Overall sales for the year grew by 16 per cent at constant exchange rates.
The underlying growth was offset by the weakness of the dollar and yen such that sales at actual rates grew by 12 per cent over the full year.
For the year as a whole, all business areas performed well and all geographic regions showed double-digit growth in sales at constant rates, with the Asia-Pacific region growing by 24 per cent at constant rates.
Of the Group's Jewellery Maisons, Cartier reported double-digit growth at constant rates in all regions with the exception of Japan, which saw modest growth. Van Cleef & Arpels also enjoyed very good growth in sales; products linked to the Maison's centenary in 2006 and related communications activity contributed to the strong performance.
High levels of demand continued in all regions, generating double-digit sales growth for the Group's specialist watchmakers. Most notably, sales of both Panerai and A. Lange & Söhne grew strongly during the year.
Leather and accessories Maisons Alfred Dunhill reported double-digit growth at constant exchange rates in the Asia-Pacific region for the year, helped by the development of its retail network. However, sales in the important Japanese market were flat in local currency terms. Lancel reported a double-digit increase in sales for the year at constant rates, reflecting growth driven by the success of its new products.
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The growth in sales in the Group's other businesses primarily reflects the further development of Chloé. Chloé's sales increased by some 50 per cent at constant rates during the year, the Maison benefiting from the substantial increase in its retail network Exceptional growth in the first six months was offset by more moderate growth in the latter part of the year, measured against a higher comparative base.
The underlying growth was offset by the weakness of the dollar and yen such that sales at actual rates grew by 12 per cent over the full year.
For the year as a whole, all business areas performed well and all geographic regions showed double-digit growth in sales at constant rates, with the Asia-Pacific region growing by 24 per cent at constant rates.
Of the Group's Jewellery Maisons, Cartier reported double-digit growth at constant rates in all regions with the exception of Japan, which saw modest growth. Van Cleef & Arpels also enjoyed very good growth in sales; products linked to the Maison's centenary in 2006 and related communications activity contributed to the strong performance.
High levels of demand continued in all regions, generating double-digit sales growth for the Group's specialist watchmakers. Most notably, sales of both Panerai and A. Lange & Söhne grew strongly during the year.
Leather and accessories Maisons Alfred Dunhill reported double-digit growth at constant exchange rates in the Asia-Pacific region for the year, helped by the development of its retail network. However, sales in the important Japanese market were flat in local currency terms. Lancel reported a double-digit increase in sales for the year at constant rates, reflecting growth driven by the success of its new products.
Click here to more details:
The growth in sales in the Group's other businesses primarily reflects the further development of Chloé. Chloé's sales increased by some 50 per cent at constant rates during the year, the Maison benefiting from the substantial increase in its retail network Exceptional growth in the first six months was offset by more moderate growth in the latter part of the year, measured against a higher comparative base.
Richemont
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