Customers browse luxury products for sale inside a Cartier store, a unit of Richemont, in the GUM department store on Red Square in Moscow. Richemont sales in Europe reached €1,43bn, up 11% in constant currency terms, for the three months to June 30, 2026.
The share price of Compagnie Financière Richemont sparkled on the JSE on Tuesday morning as the top performer, with the price soaring by 7.5% after its luxury brands businesses reported strong first-quarter global sales.
The share price of the group, which has well-known South African businessman Johann Rupert as chairman and major shareholder, traded at R3968.90 on the local bourse in the morning. This price was 19.4% higher than a year ago.
The group, listed on the Switzerland Stock Exchange and the JSE, reported that sales reached €6.3 billion in the three months to June 30, marking a 20% increase at constant exchange rates and a 17% increase at actual exchange rates.
The group directors described the growth at its Jewellery Maisons as “excellent,” having increased by 24% at constant rates. The rise in sales of the group’s four jewellery maisons – Buccellati, Cartier, Van Cleef & Arpels, and Vhernier – marked the seventh consecutive quarter of double-digit growth.
