>>
Home / Knowledge / News / Fashion / Richemonts' luxury goods division sales up 68%

Richemonts' luxury goods division sales up 68%

21
Nov '05
Swiss luxury goods group, Richemont announces its unaudited results for the six-month period ended 30 September 2005.

These results are presented for the first time in compliance with International Financial Reporting Standards ('IFRS') rather than Swiss generally accepted accounting principles.

• Group sales increased by 16 per cent to 1 990 million, reflecting good growth across all markets.

• Cartier, Van Cleef & Arpels, Montblanc and the Group's specialist watchmakers all reported double-digit sales growth in the period.

• The growth in sales, linked to a controlled increase in operating expenses, resulted in operating profit from Richemont's luxury goods businesses increasing by 68 per cent to 334 million.

Excluding the gain of 11 million realised on the sale of Hackett, operating profit increased by 62 per cent to 323 million.

• Net profit from the parent and subsidiaries increased by 133 per cent to 270 million.

• The Group's share of the post-tax profit of its associated company, British American Tobacco, excluding the impact of non-recurring items from both periods, increased by 16 per cent to 278 million.

Click to view more details

Richemont is one of the world's leading luxury goods groups, with particular strengths in terms of jewellery, luxury watches and writing instruments.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

ESTEEMED CLIENTS

International Textile Manufacturers Federation
Tommy Hilfiger
Recron Polyester from Reliance Industries Limited
Varner AS Retail
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Aquarelle Clothing Limited
C;&A Sourcing International Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Aramark Uniform ;& Career Apparel, LLC
Bluestem Global Sourcing Limited
Truetzschler India Private Limited
Lululemon Athletica Inc
Chico’ FAS
Maceton Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Chori Company Limited
SHAHI Exports Pvt Ltd
Sportswear Company Spa
Lifestyle
Splash
Gokaldas Exports Limited
IKEA of Sweden AB
J ;& P Coats
Babyshop
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Eastman Chemical Company
Grasim Industries Limited
Puma
Calvin Klein
Green Fibre
Lenzing Aktiengesellschaft
Vianney Textil Hogar S.A. De C.V.
The LYCRA Company Singapore  Pte. Ltd
Vardhman Textile Ltd
Rosset ;& Cia Limited
Amazon China
Landmark Group
MAS Active / MAS Kreeda / MAS Bodyline
Page Industries Limited (Bangalore)
Walmart
KIABI
Abit
Alix Partners
T.T. Limited
IDH – The Sustainable Trade Initiative
The Top Form Brassiere Manufacturing Company Limited
Gatsby Africa
SYNERGIES HONG KONG LIMITED
Tory Burch Hong Kong Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Sportmaster Ltd.
Desigual - ABASIC, S.A.
LC Waikiki
BIANCA
Cat Tuong Real Estate Group Joint Stock Company
NITI Aayog
Hirdaramani International Export Private Limited
Reiter India Private Limited
Hela Clothing Pvt Ltd
G-Star Raw C.V.
Huntsman (Singapore) Pte Ltd
KAS Direct Sourcing
Tchibo GmbH
Under Armour Global Sourcing Ltd
Benetton Group
PVH Corporation
Etam Group Strategy Hong Kong Limited
Arvind Limited
Gap International Sourcing Limited
Gloria Jeans
BIMBA ;& LOLA SL
Sateri (Jiujiang) Fiber Co.,Ltd
TESCO INTERNATIONAL SOURCING LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
Midas Clothing Limited
Brandix Lanka Limited
John Varvatos
Groz-Beckert East Asia LLP
Esprit Europe Services GmbH
Seasalt Limited
Guess Europe Sagl,
Lisa S.P.A.
Decathlon
Helly Hansen Far East Ltd
Asos
Target Corporation (MN)
Rayonese Textile Inc., Division de Culp Inc.
Phong Phu international JSC (PPJ)
Sainsbury's Argos Asia Limited
Boardriders Asia Sourcing Limited

January 2022

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


Advanced Search