Richemont, owner of brands like Cartier and Van Cleef & Arpels, posted better-than-expected quarterly sales, despite global economic uncertainty.
Swiss luxury giant Richemont reported a 7% increase in fourth-quarter sales, slightly ahead of expectations, as affluent customers continued to invest in high-end jewelry despite ongoing economic concerns.
The company, which owns prestigious names such as Cartier, Van Cleef & Arpels, Piaget, and Jaeger-LeCoultre, said sales reached €5.17 billion for the quarter ending in March, up 7% at constant exchange rates.
This performance surpassed analysts' expectations compiled by Visible Alpha, which predicted a 6% increase according to HSBC. However, the growth pace was slower compared to the 10% rise seen in the previous quarter.
Richemont’s solid showing highlights the continued strength of the luxury jewelry sector, even as other markets face headwinds.
Prime minister Keir Starmer says stronger ties with the EU will benefit British jobs, energy bills and border control. His comments come ahead of a summit in London where EU leaders will meet UK officials.
African countries are stepping up efforts to hold global tech companies like Meta accountable for how they handle user data. This could be a turning point for digital control on the continent.
Mexico, Chile and Uruguay have suspended poultry imports from Brazil after the country reported its first outbreak of bird flu on a commercial farm, Brazilian officials reported.
Nvidia, Cisco, Oracle and OpenAI are backing a massive artificial intelligence data center in Abu Dhabi called “UAE Stargate,” a project closely tied to a similar U.S. initiative launched by president Donald Trump earlier this year.
Austria has won the 69th Eurovision Song Contest. JJ claimed the trophy with his emotional pop-opera ballad Wasted Love, scoring 426 points in the grand final held in Basel, Switzerland.
Prime minister Keir Starmer says stronger ties with the EU will benefit British jobs, energy bills and border control. His comments come ahead of a summit in London where EU leaders will meet UK officials.
African countries are stepping up efforts to hold global tech companies like Meta accountable for how they handle user data. This could be a turning point for digital control on the continent.
Mexico, Chile and Uruguay have suspended poultry imports from Brazil after the country reported its first outbreak of bird flu on a commercial farm, Brazilian officials reported.
Nvidia, Cisco, Oracle and OpenAI are backing a massive artificial intelligence data center in Abu Dhabi called “UAE Stargate,” a project closely tied to a similar U.S. initiative launched by president Donald Trump earlier this year.
Austria has won the 69th Eurovision Song Contest. JJ claimed the trophy with his emotional pop-opera ballad Wasted Love, scoring 426 points in the grand final held in Basel, Switzerland.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
SOCAR Energy Switzerland, a subsidiary of the State Oil Company of the Azerbaijani Republic (SOCAR), has commissioned Switzerland’s first fast-charging station for electric trucks.
The European Bank for Reconstruction and Development (EBRD) has approved its Strategic and Capital Framework (SCF) for the next five years, demonstrating strong and continued support for Ukraine.
The number of billionaires in the UK has dropped for the second year in a row, hitting the lowest level in over a decade, according to The Sunday Times Rich List 2025.
The European Bank for Reconstruction and Development (EBRD) has approved a trade finance line of up to $5 million (€4.4 million) for Unibank under its Trade Facilitation Programme (TFP). The agreement, signed during the EBRD’s 2025 Annual Meeting in London.
Vietnam has approved a $1.5 billion project by the Trump Organization and Kinhbac City to build golf courses, resorts, and homes. Work is set to begin this quarter and finish by mid-2029.
Prime minister Keir Starmer says stronger ties with the EU will benefit British jobs, energy bills and border control. His comments come ahead of a summit in London where EU leaders will meet UK officials.
African countries are stepping up efforts to hold global tech companies like Meta accountable for how they handle user data. This could be a turning point for digital control on the continent.
Mexico, Chile and Uruguay have suspended poultry imports from Brazil after the country reported its first outbreak of bird flu on a commercial farm, Brazilian officials reported.
Nvidia, Cisco, Oracle and OpenAI are backing a massive artificial intelligence data center in Abu Dhabi called “UAE Stargate,” a project closely tied to a similar U.S. initiative launched by president Donald Trump earlier this year.
Austria has won the 69th Eurovision Song Contest. JJ claimed the trophy with his emotional pop-opera ballad Wasted Love, scoring 426 points in the grand final held in Basel, Switzerland.
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