Jewellery Maisons Performance
Jewellery Maisons, including Buccellati, Cartier, and Van Cleef & Arpels, saw sales increase by 4% at constant exchange rates. The Americas and Japan were the main contributors to this growth. Operating margin for the Jewellery Maisons was 32.9%.
Strong Regional Performance
The Americas, Japan, and Middle East and Africa regions posted double-digit growth, offsetting declines in Asia Pacific. The Americas grew by 12% in Q2, confirming its rank as the largest individual market for the group.
Corporate Governance Enhancements
Richemont strengthened its corporate governance with new leadership, including Nicolas Bos as Group CEO and Louis Ferla as CEO of Cartier.
Vhernier Acquisition
Richemont finalized the acquisition of the Italian Jewellery Maison Vhernier, further expanding its portfolio.
Mytheresa and YNAP Agreement
Richemont announced the agreement for Mytheresa to acquire 100% of YNAP's share capital, with expected closing in the first half of 2025.