Parent company Richemont announced that Van Cleef & Arpels and Cartier generated “remarkable” results in the last fiscal year.
Overall, sales at Richemont’s jewelry division grew by 13 percent, with profits rising 20 percent.
“The jewelry maisons and the specialist watchmakers have reported remarkable growth in sales and profits, despite the continuing strength of the Swiss franc and historically high cost of precious metals and stones,” the company added. “Demand for jewelry was particularly strong; demand for Cartier’s watch collections was solid, tempered by lower wholesale orders for steel watches.”
See Richemont’s latest financial statement.
In related news, Marty Wikstrom has resigned from her role as chief executive officer of Richemont Fashion and Accessories.
She will continue to serve as non-executive director of the company. Wikstrom has served in the position since 2008, overseeing Richemont brands including Alfred Dunhill, Azzedine Ala?a, Chloé, and Lancel.
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