Richemont luxury sales up in Q3

27 Jan '06

3 min read

Montblanc saw excellent growth during the quarter, particularly in sales through its own retail network, which now accounts for one third of the Maison's turnover.

Alfred Dunhill reported double-digit sales growth, primarily due to good trading results in key Asian markets. Lancel opened its second Parisian flagship boutique on the Champs Elysées in December with sales for the quarter in its core European market growing by some 7 per cent. Retail sales in France grew by 11 per cent during the quarter.

Excluding Hackett, which was sold in June 2005, from the results in both periods, sales from this business area would have shown growth of some 62 per cent overall. Sales at Chloé more than doubled during the period, continuing the trend seen in the earlier part of the year.

Although the rate of growth seen in the quarter was lower than that of the first six months of the year, this largely reflected the higher comparative figures reported in respect of the final quarter of calendar 2004. The specialist watchmakers performed particularly well and there was significant growth in jewellery sales in Russia and the Middle East.

Demand in all product areas has continued to be strong in the Japanese market, with Montblanc showing particularly good growth during the period, albeit from a relatively low base. Cartier and Van Cleef & Arpels also performed well in this market.

The Group's specialist watchmakers reported the highest rate of growth in the Asia-Pacific region during the quarter, mirroring the strong performance seen during the first six months of the year. Alfred Dunhill also performed well.

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