Richemont’s FY23 sales hit a record €20 billion, up 19 per cent YoY, driven by Asia Pacific growth. Operating profit surged 34 per cent to €5 billion, with a 25.2 per cent margin.
Directly operated stores and online sales dominated, while the other segment returned to profit.
Overall profit was limited to €301 million due to discontinued operations. Originally Published at Fibre2Fashion
