Swiss luxury retailer Richemont, the owner of Cartier, recorded an increase in group sales during the third quarter ended 31 December 2025, with revenue reaching €6.4bn ($7.43bn).
At constant exchange rates, quarterly sales were up 11% compared with the same period a year earlier.
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On a reported basis, growth was more moderate, with sales rising 4% at actual exchange rates.
Performance during the quarter was driven primarily by the group’s Jewellery Maisons, which delivered a 14% increase in sales at constant rates.
Specialist Watchmakers division also reported growth, with revenue up 7%.
The ‘other’ business area remained broadly unchanged overall, while Fashion & Accessories Maisons achieved a 3% increase.
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By GlobalDataGrowth was recorded across all geographic regions on a constant-currency basis.
Sales in the Americas rose 14%, supported by strong domestic demand across all business segments.
Japan delivered a 17% increase, reflecting sustained local demand and continued tourist spending.
Middle East & Africa posted the strongest regional growth at 20%, led by the UAE.
In Europe, sales increased 8%, underpinned by local consumption and tourist activity.
Asia Pacific reported growth of 6%, as gains in most markets offset weaker performance in China, Hong Kong and Macau combined.
Retail continued to be the group’s largest distribution channel, with sales through directly operated stores rising 12% at constant exchange rates and accounting for 72% of total group revenue.
Wholesale and royalty income increased 9%, while online retail sales grew by 5%.
For the nine months ended 31 December 2025, group sales amounted to €17bn, representing growth of 10% at constant exchange rates and 5% at actual rates.
The company said growth over the period was broad-based across regions, distribution channels and business areas.
As of 31 December 2025, Richemont reported a net cash position of €7.6bn, slightly lower than the €7.9bn recorded a year earlier.
