“It is, at times, truly surreal, but the US economy, the metrics are still looking better than many other economies,” Johann Rupert, Richemont’s chairman, said on a call with media following the release of the company’s annual financial results. Richemont said sales in the Americas rose 17% from the year before and increased by double digits in both watches and jewelry at constant exchange rates during the company’s fiscal year ended in March. Richemont, which owns brands including Cartier, Van Cleef & Arpels, IWC, Jaeger-LeCoultre, and A. Lange & Söhne, said sales in the region increased by 18% in the fourth quarter of its fiscal year compared to the same period a year earlier.
“Looking ahead, uncertainty is likely to persist, not least in relation to developments in the Middle East,” Rupert said.
Andy Hoffman
2026-05-22 17:00:00