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Retail

Richemont quarterly sales down 47pc over pandemic shutdowns, but ecommerce growth is strong

July 17, 2020

Richemont-owned Cartier recently launched its Surnaturel high jewelry collection Richemont-owned Cartier recently launched its Surnaturel high jewelry collection

 

By Luxury Daily News Service

As expected with the COVID-19 fallout, Cartier parent Richemont reported sales for the Swiss conglomerate’s fiscal first-quarter were down 47 percent compared to the year-ago period.

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  1. 42pc of American luxury shoppers buying high-end items as 'rewards': YouGov
  2. Mercedes-Benz adds celebrity touch to G-Class rollout
  3. Six Senses wins top 2024 Positive Luxury Award
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  7. Porsche named official electric vehicle of 2024 Met Gala
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  10. Prada Group sees first quarter sales rise 16pc
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