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Richemont results buoyed by jewellery business. Chloé and Cartier owner Richemont has posted a 20% year on year increase in group sales at constant exchange rates to €6.33bn (£5.36bn) for the first quarter ended 30 June 2026, propelled by its jewellery and watch business. Alexa Chung walks the runway during the Chloe Womenswear Fall/Winter 2025-2026 show as part of Paris Fashion at Tennis Club de Paris on March 06, 2025 in Paris, France. (Photo by Peter White/Getty Images) Richemont's share price soared 7.5% on the JSE following the publication of the results. Fashion and accessories sales were up 9% at the Swiss luxury group, which also owns Alaïa, Dunhill and Van Cleef & Arpels. Sales at its jewellery maisons were up 24% to €4.73bn (£4bn) during the quarter. Sales increased in low-to-mid-double digits in almost all regions. European sales were up 11% to €1.43bn (£1.21bn), Asia Pacific sales were up 21% to €2.07bn (£1.75bn), Americas were up 27% to €1.67bn (£1.41bn), Japanese sales were up 36% to €632m (£535.6bn). The Middle East and Africa was the only region in which sales increased in the low single digits, up 3% to €530m (£449.1bn). By channel, its retail stores saw a 24% spike in sales growth to €4.5bn (£3.81bn); online was up 18% to €373m (£316.1m); and wholesale and royalty income was up 9% to €1.45bn (£1.22bn). Richemont did not share an outlook for fiscal 2027, but cited a "persistently volatile macroeconomic environment and geopolitical backdrop driving elevated raw material costs". The group's net cash position stood at €9.1bn (£7.7bn) as of 30 June, including €400m (£339m) from the sale of its stake in Swiss travel company Avolta in early June.

Richemont sales rise 20% as jewelry leads first-quarter growth. Richemont today reported a strong start to its fiscal year, with sales rising 20% at constant exchange rates for the quarter ended June 30, compared with the same period a year earlier. Jewelry continued to drive growth for the Swiss luxury group: Its sales increased 24% at constant exchange rates in the quarter. Richemont's jewelry division - which includes Cartier, Van Cleef & Arpels, Buccellati, and Vhernier - generated €4.73 billion ($5.4 billion) in sales during the quarter, a 21% increase at actual exchange rates. The company's overall sales totaled €6.3 billion ($7.2 billion) for the April-June period, up 17% at actual exchange rates from a year earlier. Richemont jewelry maisons recorded their seventh consecutive quarter of double-digit sales growth, with gains across brands, regions, and sales channels. The company attributed the higher performance to strength in both jewelry and watch lines, while noting that the operating environment remained volatile and that raw material costs were elevated. Richemont's specialty watchmakers, which include Vacheron Constantin, Jaeger-LeCoultre, A. Lange & Söhne, IWC Schaffhausen, Panerai, Piaget, and Roger Dubuis, reported sales of €873 million ($997 million), up 8% at constant exchange rates and 6% at actual exchange rates. Richemont said growth in the watch division was led by the Americas and Japan. Company-wide, Richemont posted a 27% sales increase in the Americas - one of the top-performing regions - to €1.67 billion ($1.9 billion). Sales in Asia Pacific rose 21% to €2.07 billion ($2.36 billion), Europe increased 11% to €1.43 billion ($1.6 billion), Japan grew 36% to €632 million ($722 million), and the Middle East and Africa returned to growth, with sales up 3% to €530 million ($606 million). All percentages are at constant exchange rates. Richemont said the Americas benefited from continued strength in local demand. In Europe, the company cited demand from both local customers and tourists, especially from North American and Middle Eastern clients. In the Asia Pacific region, Richemont said the jewelry maisons had double-digit sales increases in China, Hong Kong, and Macau combined. Retail remained Richemont's largest channel, with sales up 24% at constant exchange rates to €4.50 billion ($5.1 billion), representing 71% of group sales. Wholesale and royalty income rose 9% to €1.45 billion ($1.66 billion), while online retail increased 18% to €373 million ($426 million). The company's "other" business area, fashion and accessories - which includes Montblanc, TimeVallée, and Watchfinder & Co. - reported sales of €724 million ($827 million), up 9% at constant exchange rates. Reuters, citing a Visible Alpha consensus, reported that Richemont's quarterly sales exceeded analyst expectations of €5.90 billion ($6.7 billion), and that the company's jewelry sales growth also came in above analysts' expectations. Bloomberg reported that Richemont's 20% constant-currency sales growth was nearly double its consensus forecast of 11%. Richemont ended the quarter with net cash of €9.1 billion ($10.4 billion), up from €7.4 billion ($8.5 billion) a year earlier, including €400 million ($457 billion) in proceeds from the disposal of its stake in Avolta. The JCK News Desk uses AI to help research and produce the first draft of articles. This story was then reviewed by staff writer David Blomquist. Top: The Traditionnelle Twin Beat Perpetual Calendar from Richemont maison Vacheron Constantin

Edelson Lechtzin LLP is investigating Richemont (Compagnie Financière Richemont S.A.) over tariff-driven price increases that were not refunded to consumers After the Supreme Court struck down the Tariffs. NEWTOWN, Pa., July 13, 2026 (GLOBE NEWSWIRE) - Edelson Lechtzin LLP, a national class action law firm, announced today that it is investigating potential class action lawsuits against Richemont (Compagnie Financière Richemont S.A.). The investigation focuses on whether Richemont raised the retail prices of its luxury products − sold under the brands listed below − in response to the Trump administration's global tariffs and then failed to refund customers after the United States Supreme Court invalidated those tariffs. Richemont Brands Covered by the Investigation The investigation covers products sold under Richemont's complete brand roster, including: * A. Lange & Söhne * Alaïa * AZ Factory * Buccellati * Cartier * Chloé * Delvaux * Dunhill * IWC Schaffhausen * Jaeger-LeCoultre * Montblanc * Mr Porter * Net-a-Porter * Panerai * Piaget * Peter Millar * Purdey * Roger Dubuis * Serapian * The Outnet * TimeVallée * Vacheron Constantin * Van Cleef & Arpels * Vhernier * Watchfinder & Co. * Yoox Background: The Supreme Court Invalidated the Tariffs On February 20, 2026, the Supreme Court of the United States held that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA), 50 U.S.C. § 1701 et seq., were unlawful, and it invalidated the tariff orders issued under that statute. Beginning in early 2025, the federal government imposed sweeping tariffs on imported goods under the purported authority of the IEEPA, sharply increasing the cost of importing consumer products into the United States. Many companies responded by raising the retail prices their customers paid, passing the tariff costs through to consumers. The Alleged Windfall After the Supreme Court struck down the tariffs, importers that had paid IEEPA duties became eligible to seek refunds of those duties from the federal government. Edelson Lechtzin LLP's investigation examines whether Richemont raised prices to cover the tariffs, has not refunded or credited the tariff-related overcharges to its customers, and now stands to recover the same tariff payments from the government. That combination may allow a company to keep a windfall - collecting the tariff cost twice, once from consumers and again from the government - while the consumers who actually bore the cost receive nothing. Contact Edelson Lechtzin LLP If you purchased any Richemont brand product during the tariff period and want to learn more about your rights, or if you have information relevant to this investigation, please contact Edelson Lechtzin LLP: Contact attorney Eric Lechtzin, 411 S. State Street, Suite N-300, Newtown, PA 18940, Telephone: 844-696-7492 ext. 1; Email: [email protected]; or click HERE. Frequently Asked Questions What is the Richemont tariff investigation about? Edelson Lechtzin LLP is investigating whether Richemont (Compagnie Financière Richemont S.A.) raised retail prices on its luxury products to pass along tariff costs, and then failed to refund customers after the U.S. Supreme Court ruled the tariffs unlawful on February 20, 2026. Which brands are covered? The investigation covers Richemont's complete brand roster, including A. Lange & Söhne, Alaïa, AZ Factory, Buccellati, Cartier, Chloé, Delvaux, Dunhill, IWC Schaffhausen, Jaeger-LeCoultre, Montblanc, Mr Porter, Net-a-Porter, Panerai, Piaget, Peter Millar, Purdey, Roger Dubuis, Serapian, The Outnet, TimeVallée, Vacheron Constantin, Van Cleef & Arpels, Vhernier, Watchfinder & Co., and Yoox. Why might consumers be owed a refund? The investigation examines whether Richemont passed the tariff-driven price increases on to consumers while also positioning itself to recover the same tariffs from the federal government − a potential double recovery at consumers' expense. Who qualifies to participate? Consumers in the United States who purchased any Richemont brand product at prices increased because of the tariffs during the period the tariffs were in effect. What can affected consumers do? Consumers who purchased Richemont-brand products during the tariff period or who have relevant information can contact Edelson Lechtzin LLP to learn more about their rights. About Edelson Lechtzin LLP Edelson Lechtzin LLP is a highly rated national class action law firm that represents consumers, investors, and employees in complex litigation, including consumer protection, data breach, antitrust, securities, and employee benefits matters. The firm and its attorneys have been recognized for their work prosecuting class and mass actions on behalf of individuals harmed by corporate misconduct. This press release is attorney advertising. Prior results do not guarantee a similar outcome. This notice describes an ongoing investigation only; no class action lawsuit has been filed against Richemont (Compagnie Financière Richemont S.A.) with respect to the matters described here, and no court has determined that Richemont has engaged in wrongdoing. Contacting the firm does not create an attorney-client relationship, and no recovery is guaranteed. The brand names referenced are the property of their respective owners.