• Richemont First Half Profits, Sales Soar with YNAP, Watchfinder in Mix

    12 days ago - By WWD

    LONDON - First-half sales and profits soared at Compagnie Financière Richemont as the company brought digital businesses Yoox Net-a-porter Group and Watchfinder into the mix, and saw its longstanding businesses grow, too.
    In the six months to Sept. 30, sales were up 21 percent at actual rates to 6.81 billion euros. Excluding YNAP and Watchfinder, sales in the six months grew by 6 percent at actual exchange rates and by 8 percent at constant exchange rates.
    Richemont said the underlying growth was primarily driven by strong performance of the jewelry division and double-digit increases in...
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