Swiss firm Richemont’s sales at $5.77 mn in Q1 FY25

Richemont reported a 1 per cent sales increase to €5.3 billion (~$5.77 million) for Q1 FY25.
The group’s fashion and accessories maisons grew 4 per cent.
Japan saw a 59 per cent sales surge, while Asia Pacific sales fell 18 per cent.
Retail and online sales rose 2 per cent and 6 per cent respectively, offsetting a 5 per cent decline in the wholesale channel.Richemont reported a 1 per cent sales increase to €5.3 billion (~$5.77 million) for Q1 FY25.
The group’s fashion and accessories maisons grew 4 per cent.
Japan saw a 59 per cent sales surge, while Asia Pacific sales fell 18 per cent.
Retail and online sales rose 2 per cent and 6 per cent respectively, offsetting a 5 per cent decline in the wholesale channel.