Switzerland-based Richemont has reported a strong start to FY27, with first-quarter sales rising 20 per cent, supported by robust demand across regions and channels.
Its Fashion & Accessories business posted steady growth, while the Americas, Japan and Asia Pacific led regional performance.
The group continued investing in its Maisons despite macroeconomic uncertainty.
The growth was supported by robust local demand across major markets despite a volatile macroeconomic and geopolitical environment, Richemont said in a press release.
Within the Other business area, Richemont said performance was positive across most Maisons. Peter Millar, Gianvito Rossi and Watchfinder & Co posted double-digit sales growth. The segment expanded across all regions except the Middle East & Africa.
Regional Growth Led by the Americas and Japan
Sales increased across all geographic regions. The Americas led with a 27 per cent rise at constant exchange rates to €1.67 billion, followed by Japan with 36 per cent growth to €632 million. Asia Pacific sales climbed 21 per cent to €2.07 billion, Europe grew 11 per cent to €1.43 billion, while Middle East & Africa returned to growth with a 3 per cent increase to €530 million.
The Other business area, which includes Fashion & Accessories Maisons, generated €724 million in sales, increasing 9 per cent at constant exchange rates and 7 per cent at actual rates.
Retail leads growth across distribution channels
All distribution channels delivered growth during the quarter. Retail sales rose 24 per cent at constant exchange rates to €4.50 billion, representing 71 per cent of group sales. Online retail increased 18 per cent to €373 million, while wholesale and royalty income advanced 9 per cent to €1.45 billion.
Richemont said it continued to invest in supporting the long-term growth of its Maisons despite persistent macroeconomic and geopolitical uncertainty and elevated raw material costs.
The group ended the quarter with a robust net cash position of €9.1 billion, including a €0.4 billion cash inflow from the disposal of its stake in Avolta.
Fibre2Fashion News Desk (SG)
