Richemont.

Sometimes I think you should visit Richemont's website 
http://www.richemont.com/

If you look at intreim results 2008 for the six months ending 30 September,
you will find interesting figures Richemont.

Richemont, the Swiss luxury goods group, announces its unaudited results for the six-month period ended
30 September 2008.
Financial highlights
• Sales increased by 10 per cent to € 2 800 million.
• Operating profit from the luxury goods businesses increased by 14 per cent to € 639 million.
• Net profit, including the Group’s share of the results of British American Tobacco, increased by 5 per
cent to € 864 million.
• Cash generated by the Group’s luxury goods operations was € 224 million.

Not many companies can show that today.

Another intersting, perhaps even more interesting point is the markets!

in € millions   September 2008             September 2007              rates                            rates

Europe        1 259                             1 092                            + 18 %                         + 15 %
Asia-Pacific      729                                612                            + 30 %                         + 19 %
Americas       497                                506                            + 9 %                            - 2 %
Japan              315                                338                             - 7 %                            - 7 %

                  2 800                             2 548                            + 16 %                        + 10 %As you can see America including USA is just about 18% of their sale while Europe is 45 %  !!

I do believe that there are several brands who are more depending of the sale figures uin USA, 
without naming anyone Richemont. , that are in a lot more trouble.

I don't know Vacheron Constantin's figures in USA, but I think they are quite well reflected above.
If i would be possible, it really would be interesting to know the market shares for VC !

Just my two Crowns

Doc
Doc
12/19/2008 - 15:56
But 2009 seems to be cloudy (nt)
12/19/2008 - 17:59
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