The group published an impressive first half after distancing itself from loss-making YNAP.
The enduring desirability of Cartier and Van Cleef && Arpels (VCA) across the globe and greater DTC sales in the watch business enabled the operating margin to reach 28.1%.
The group sees no slowdown in demand for high-end jewellery and watches around the world to date, however, it is now facing higher comparables for the rest of the year, especially in the Americas.
11 Nov 2022
Outstanding operating performance
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Outstanding operating performance
Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
11 Nov 2022 -
Author:
Jie Zhang -
Pages:
4
The group published an impressive first half after distancing itself from loss-making YNAP.
The enduring desirability of Cartier and Van Cleef && Arpels (VCA) across the globe and greater DTC sales in the watch business enabled the operating margin to reach 28.1%.
The group sees no slowdown in demand for high-end jewellery and watches around the world to date, however, it is now facing higher comparables for the rest of the year, especially in the Americas.