Richemont Q3 sales increase 7 percent

Sales at Richemont SA, for the third quarter ended December 31, 2017, increased by 7 percent at constant exchange and by 1 percent at actual rates to 3,119 million euros (3,727 million dollars) compared to the prior year period. The company said, most regions grew at constant exchange rates, with sustained double digit growth in Asia Pacific and continued double digit increase in retail sales was driven by the jewellery maisons and specialist watchmakers. In Europe, Richemont added, the strength of the euro and challenging comparatives in the United Kingdom weighed on sales, which declined by 1 percent.