Johann Rupert’s Richemont Group, the luxury goods conglomerate, has showcased remarkable resilience, reporting robust sales growth despite the global tariff crisis and a surge in gold prices.
The Swiss — based company, renowned for brands such as Cartier and Van Cleef & Arpels, achieved a total revenue of €22. 4 billion, marking an 11% increase at constant exchange rates for the period ending September 30, 2025. This growth was primarily driven by resilient consumer spending in the Americas and steady sales improvements in China.
The core jewelry houses within Richemont, including Cartier and Van Cleef & Arpels, recorded a 14% increase in sales, reflecting the enduring appeal of luxury goods in challenging economic times.
However, the luxury giant faces pressure on profit margins due to rising expenses, particularly the cost of gold, which has reached historic highs.
The increase in production costs has been compounded by unfavorable shifts in global currency values, making it more difficult for Richemont to convert international revenue into net profits. Trade issues with the United States have added another layer of complexity, with Richemont absorbing approximately €300 million in extra costs due to heavy US import duties on Swiss goods. Despite these challenges, Richemont’s total net profit rose by 27% to reach €3.
5 billion, largely due to the company’s strategic moves, including the sale of its struggling online retail division, Yoox Net-a-Porter (YNAP), to MyTheresa.
The sale of Yoox Net — a-Porter has eliminated significant financial losses and contributed to the overall improvement in Richemont’s financial position. Johann Rupert’s control over Richemont, with his substantial influence over the company’s strategic direction, has been instrumental in navigating these challenges and achieving this growth.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: BI Africa Contributor
