Industry News: Richemont Reports Sales Up 11% For the Third Quarter of 2025
Richemont, the luxury group behind prestigious brands such as Cartier and IWC, has reported an 11% increase in sales for the third quarter of 2025, despite facing a challenging global political and economic landscape. The company attributes this growth to strong local demand across all regions, particularly in the Americas, where sales rose by 14%. The Middle East and Africa experienced the highest growth at 20%, driven largely by the United Arab Emirates market. Overall, Richemont's sales for the nine-month period ending in December 2025 increased by 10% at constant exchange rates. The jewellery division continues to outperform the watchmaking sector, with a 14% rise in sales from brands like Cartier and Van Cleef & Arpels. The watchmaking division also saw a positive trend, recording a 7% sales increase across all regions, including notable gains in the Americas and the Middle East. Despite a complex macroeconomic environment characterized by fluctuating currencies and rising material costs, Richemont achieved a total of EUR 17.0 billion in sales over the nine-month period.
