Richemont Posts 20% Sales Surge in Q1 as Global Luxury Demand Holds Strong

Swiss luxury conglomerate Richemont delivered a robust start to fiscal 2027, with first-quarter revenue climbing 20% at constant exchange rates to €6.33 billion (approximately $7.28 billion) for the three months ended June 30, 2026. The performance reflects broad-based momentum across regions and distribution channels, defying a volatile macroeconomic and geopolitical backdrop.

Growth was fueled by resilient local demand in key markets. The Americas led the advance with a 27% increase to €1.67 billion, while Japan surged 36% to €632 million. Asia Pacific sales rose 21% to €2.07 billion, Europe expanded 11% to €1.43 billion, and the Middle East & Africa returned to growth with a 3% gain to €530 million.

The group’s Specialist Watchmakers and Jewellery Maisons continued to drive the core business, while the Other business area — housing Fashion & Accessories brands — generated €724 million, up 9% at constant rates. Peter Millar, Gianvito Rossi, and Watchfinder & Co. each posted double-digit sales growth, with the segment expanding across all regions except the Middle East & Africa.

Retail remained the primary growth engine, advancing 24% to €4.50 billion and representing 71% of total sales. Online retail climbed 18% to €373 million, while wholesale and royalty income increased 9% to €1.45 billion.

Despite persistent uncertainty and elevated raw material costs, Richemont maintained its investment pace across its Maisons to support long-term development. The group closed the quarter with a net cash position of €9.1 billion, bolstered by a €0.4 billion inflow from the disposal of its stake in Avolta.

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