Richemont 2006 sales boosted by Chloe's performance
25 Apr '06
3 min read
Overall growth in sales for Alfred Dunhill reflected double-digit growth in the Asia-Pacific region, offset to some extent by a more challenging market for the company's products in Japan. Lancel saw a recovery in its European market, with a double-digit rate of increase in sales.
The sales increase reported by the Group's other businesses primarily reflects the exceptional performance of Chloé, where sales more than doubled during the year.
Sales in Europe represented 42 percent of total Group sales. The overall increase of more than €200 million reflects double-digit growth in all business areas. The specialist watchmakers, in particular, performed very well.
Representing 17 percent of Group revenues, sales in the domestic Japanese market benefited from the improved economic situation.
Sales in the region represented 21 percent of total Group sales. The €144 million increase in regional sales reflects strong demand, particularly for the Group's specialist watchmakers' products.
The Americas region, which accounted for 20 per cent of total sales for the year, showed the highest rate of growth, notwithstanding the good results seen in the prior year. All business areas reported double-digit growth, with excellent performances from IWC and Panerai.
At actual exchange rates, the Group's retail sales increased by 17 percent overall to €1,762 million, whilst wholesale sales increased by 18 percent.
Richemont group encompasses several of the most prestigious names in the luxury industry including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Dunhill and Montblanc.
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