Richemont posts sales growth, promotes Jérôme Lambert to Group CEO

Compagnie Financière Richemont SA has announced that Jérôme Lambert, currently the company’s chief operating officer, has been promoted to Group Chief Executive Officer with immediate effect. Ahead of it annual general meeting, the group also said that its sales for the five months ended August 31, 2018 increased by 25 percent at constant exchange rates and by 22 percent at actual exchange rates. Excluding YNAP and Watchfinder, which have been consolidated in the Group’s accounts since May 1, 2018 and June 1, 2018 respectively, sales for the period increased by 10 percent at constant exchange rates and by 7 percent at actual exchange rates.