Cartier UK sales top £250 million for the first time
Cartier has achieved remarkable growth in the UK, recording sales of £251 million ($335 million) for the financial year ending in March 2025, marking an 11% increase. This growth outpaced its parent company Richemont, which saw a 5.5% rise in UK sales to £277 million ($370 million). Operating profits for Cartier also surged by 25% to £15 million ($20 million). Analysts estimate that watches contribute approximately 25-30% to Cartier's overall turnover, indicating that around £70 million ($93.6 million) of its sales stem from watch sales alone. In addition to its robust sales performance, Cartier is strategically investing its profits in prime real estate in Mayfair. In the 2024-25 financial year, the company acquired properties worth £159 million ($212 million), funded through additional capital from Richemont. Notably, Cartier purchased the high-profile building at 18-19 Albemarle Street for £67.5 million ($90.2 million), which houses luxury tenants. The brand operates eight boutiques in London, selling both jewelry and watches, while a network of partner jewelers is authorized solely to sell watches.
