Johann Rupert’s Richemont has seen strong sales growth across most of its businesses and regions, despite the volatile economic environment caused by the Iran war. <\/p>\n\n\n\n
Rupert is the chairman of the Switzerland-based group. Although his family does not own a majority of the company, it owns all the private, unlisted B shares, giving it 51% voting control.<\/p>\n\n\n\n
The vast majority of Rupert\u2019s wealth comes from his family\u2019s stake in Richemont, which owns Cartier, Van Cleef & Arpels, Montblanc, and many more luxury brands.<\/p>\n\n\n\n
The group saw sales in the quarter ended 30 June 2026 rising by 20% in constant currency terms, supported by strong local clientele amid a volatile macroeconomic and geopolitical environment. <\/p>\n\n\n\n
The group added that sales rose across all regions, with notable double-digit increases in Europe, the Americas, Asia Pacific and Japan. The Middle East & Africa also returned to growth.<\/p>\n\n\n\n
In Europe, sales grew by 11%, against a double-digit comparative in the prior-year period, driven by strong demand from local clients and tourist spend, notably from North American and Middle Eastern clients. <\/p>\n\n\n\n
In the Americas, sales growth accelerated sequentially to +27% amid increased demand, especially for the group’s Jewellery Maisons and Specialist Watchmakers.<\/p>\n\n\n\n
Asia Pacific sales increased by 21%, with strong demand in Hong Kong and Macau and double-digit growth in China. <\/p>\n\n\n\n
In the Middle East and Africa, sales increased by 3%, as robust local demand offset a significant drop in tourist spending owing to the conflict in Iran. <\/p>\n\n\n\n
While the United Arab Emirates market saw modestly lower sales, other main markets in the region saw solid growth.<\/p>\n\n\n\n
All distribution channels also saw growth, with retail sales rising by 24%, led by the Jewellery Maisons, which accounted for 71% of group sales. <\/p>\n\n\n\n
Sales were up by double digits across all business areas and regions, excluding the Middle East & Africa. Wholesale sales also rose by 9%. <\/p>\n\n\n\n
Its four jewellery Maisons, Buccellati, Cartier, Van Cleef & Arpels and Vhernier, posted a combined 24% rise in sales, marking a seventh straight quarter of double-digit growth. <\/p>\n\n\n\n
The group’s specialist watchmakers delivered a notable sequential improvement, with sales up by 8% in the quarter. <\/p>\n\n\n\n
It said that sales rose across the majority of Maisons, with Vacheron Constantin, Jaeger-LeCoultre and A. Lange & S\u00f6hne standing out. <\/p>\n\n\n\n
The group\u2019s net cash position at 30 June 2026 stood at \u20ac9.1 billion (2025: \u20ac7.4 billion), including a \u20ac0.4 billion cash inflow from the disposal of the stake in Avolta. <\/p>\n\n\n\n Johann Rupert’s Richemont has seen a massive rise in sales for the quarter ended 30 June 2026, despite the volatile macroeconomic environment.<\/p>\n","protected":false},"author":95,"featured_media":865982,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2077297623476650150","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[4665],"class_list":["post-866336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-richemont"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/866336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=866336"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/866336\/revisions"}],"predecessor-version":[{"id":866353,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/866336\/revisions\/866353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/865982"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=866336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=866336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=866336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}April-June EUR<\/strong><\/td> 2026 (\u20acm)<\/strong><\/td> 2025<\/strong> (\u20acm)<\/strong><\/td> Movement at Constant Rates<\/strong><\/td> Movement at Actual Rates<\/strong><\/td><\/tr><\/thead> By Region<\/strong><\/td> <\/td> <\/td> <\/td> <\/td><\/tr> Europe<\/td> 1 429<\/td> 1 295<\/td> +11%<\/td> +10%<\/td><\/tr> Asia Pacific<\/td> 2 068<\/td> 1 731<\/td> +21%<\/td> +19%<\/td><\/tr> Americas<\/td> 1 670<\/td> 1 335<\/td> +27%<\/td> +25%<\/td><\/tr> Japan<\/td> 632<\/td> 527<\/td> +36%<\/td> +20%<\/td><\/tr> Middle East & Africa<\/td> 530<\/td> 524<\/td> +3%<\/td> +1%<\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> By Distribution Channel<\/strong><\/td> <\/td> <\/td> <\/td> <\/td><\/tr> Retail<\/td> 4 504<\/td> 3 734<\/td> +24%<\/td> +21%<\/td><\/tr> Online retail<\/td> 373<\/td> 323<\/td> +18%<\/td> +15%<\/td><\/tr> Wholesale and royalty income<\/td> 1 452<\/td> 1 355<\/td> +9%<\/td> +7%<\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> By Business Area<\/strong><\/td> <\/td> <\/td> <\/td> <\/td><\/tr> Jewellery Maisons<\/td> 4 732<\/td> 3 914<\/td> +24%<\/td> +21%<\/td><\/tr> Specialist Watchmakers<\/td> 873<\/td> 824<\/td> +8%<\/td> +6%<\/td><\/tr> Other<\/td> 724<\/td> 674<\/td> +9%<\/td> +7%<\/td><\/tr> Total<\/strong><\/td> 6 329<\/strong><\/td> 5 412<\/strong><\/td> +20%<\/strong><\/td> +17%<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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