KEY POINTS
- Richemont luxury sales rose $12.3 billion globally.
- Retail drove 70 percent of revenue growth.
- Heritage brands fueled Richemont luxury sales gains.
Swiss luxury group Richemont reported sales of $12.3 billion for the first six months of 2025.
This growth was fueled by strong retail performance across all regions. Constant-currency sales rose 14 percent compared to last year. Retail accounted for nearly 70 percent of the company’s total revenue.
Jewelry remained the most profitable segment. Cartier, Van Cleef & Arpels, Buccellati, and Vhernier drove combined sales to €7.7 billion ($8.95 billion). Sales rose 14 percent at constant rates and 9 percent at actual rates. High-jewelry events in Europe and Asia helped sustain demand. Specialist Watchmakers, however, saw a 6 percent decline in sales due to weaker markets in China, Hong Kong, Macau, and Japan. The Americas experienced double-digit growth, offsetting some of the losses.
Retail strength and heritage brands drive Richemont luxury sales
Regional trends were mixed, but overall performance remained strong. The Americas climbed 18 percent, Europe advanced 11 percent, and the Middle East and Africa jumped 19 percent. Asia Pacific grew 5 percent thanks to a stronger second quarter, while Japan slipped 4 percent. Online sales went up 7 percent and wholesale sales went up 9 percent, so both channels continued to make a steady contribution.
Richemont nonetheless has a strong net cash position of €6.5 billion ($7.55 billion). The sale of YNAP to LuxExperience brought in €600 million ($697.26 million) in cash. Johann Rupert, who owns 51 percent of Richemont’s voting rights, kept putting historical businesses that are known for their craftsmanship first.
According to Billionaires Africa, the group’s plan is to focus on high-value jewelry, opening more boutiques, and designs that will last. These numbers show how strong Richemont’s luxury sales are, even though the watch business is having problems. Rupert is still the richest person in South Africa, with a net worth of more than $16 billion.
