Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world's second-largest luxury group said on Wednesday.
Sales at Richemont rose to 5.658 billion euros in the company's third quarter ended December, a 32% increase when currency swings were removed. The performance was 38% better than the 2019 Christmas quarter before the pandemic hit, Richemont said in a statement.
Shares, slightly down so far this year following a 71% jump last year, climbed 5.7% in early trading after the better-than-expected sales.Demand for luxury goods has rebounded strongly from the worst troughs of the coronavirus pandemic - Italy's Prada and Britain's Burberry
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