Home / Knowledge / News / Fashion / Lancel sales marginally lower at Richemont
Lancel sales marginally lower at Richemont
23
Jan '08
Richemont presents its interim management statement for the three months ended 31 December 2007.

Movement at Interim Management Statement:
This statement is intended to provide investors with an overview of trading performance and any significant developments in the Group, not full quarterly financial reporting. Accordingly, no figures in respect of operating or attributable profit are provided in this report.

Equally, no commentary is given here on the performance of the Group's principal associated company, British American Tobacco plc. The information contained in this report has not been audited.

Overview:
The three months ended 31 December 2007 saw strong demand for the Group's luxury products, with underlying sales growth at 14 per cent at constant exchange rates. At actual exchange rates, sales increased by 8 per cent to € 1 673 million.

Although the strongest sales growth during the period was reported in the Asia-Pacific and Europe regions, sales for the quarter in the Americas region increased by 10 per cent at constant exchange rates.

The Group overall enjoyed good growth in underlying sales during the first two months of the quarter. However, December saw underlying growth of 10 per cent, as demand in the US and Japanese markets slowed somewhat.

Jewellery Maisons:
The Group's Jewellery Maisons reported underlying sales growth of 15 per cent during the period. Cartier saw good growth in the Asia-Pacific region and Van Cleef & Arpels reported very strong growth in all regions, albeit from a lower base.


Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search