richemont's luxury sales driven by jewelry and strong global presence

Compagnie Financière Richemont SA, a leading global luxury goods company, has released a comprehensive breakdown of its net sales by product category.

Jewelry items are the dominant category, accounting for 69.1% of sales, featuring renowned brands like Cartier, Van Cleef & Arpels, and Giampiero Bodino. Luxury watches contribute 18.3% of sales, showcasing prestigious names such as Piaget and Jaeger-LeCoultre. Other products, including pens and leather goods, make up 12.6% of sales.

In terms of distribution channels, retail distribution is the strongest, representing 69% of net sales, followed by wholesale at 25.1% and online sales at 5.9%. Geographically, Richemont's sales are primarily concentrated in China, which accounts for 26.1% of total sales. The United States follows at 18.9%, and Europe at 14.8%. Other regions include Japan (8.5%), Asia (13.8%), and the Middle East and Africa (8%). Switzerland and the United Kingdom contribute 3.1% and 3.7% respectively.

UBS has expressed optimism about Richemont's performance, highlighting the company's strong market position and diverse luxury product offerings.

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