The group has reported solid Q3 20 trading despite the second wave of lockdowns. All divisions experienced a better-than-expected performance. In particular, jewellery Maisons’ sales jumped 14% yoy, driven by the strong resilience of major brands, namely Cartier and VCA.
The increased share in the online channel and expanded exposure to the Chinese market has been the main driver of the group’s business and will continue to boost the group’s top line.
20 Jan 2021
Continuing to shine in the East
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Continuing to shine in the East
Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
20 Jan 2021 -
Author:
Jie Zhang -
Pages:
3
The group has reported solid Q3 20 trading despite the second wave of lockdowns. All divisions experienced a better-than-expected performance. In particular, jewellery Maisons’ sales jumped 14% yoy, driven by the strong resilience of major brands, namely Cartier and VCA.
The increased share in the online channel and expanded exposure to the Chinese market has been the main driver of the group’s business and will continue to boost the group’s top line.