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High-end jewellers owned by luxury group Richemont performed strongly in the first quarter of fiscal year 2022, thanks to sustained demand in major markets.
According to Richemont, overall performance was up 12 per cent during the fiscal quarter ending June 30, 2022. All channels recorded growth, with retail sales rising by 18 per cent on the back of double-digit increases across all business areas, and noteworthy performances in Europe, the Americas and Japan.
The group’s jewellery maisons saw a 12 per cent upturn during the period in review amid Covid-related disruptions in China, a major market for jewellers. Richemont attributed the growth...
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