While times have been difficult for the industry in the last 2 to 3 years (see the 2016/2017 results of Richemont Group), signs of recovery are now more and more blatant. Indeed, Swatch Group’s Half-Year Report 2017 showed growth (with increase of sales and better profitability). It’s now time for the other luxury powerhouse, Swiss-based group Richemont, to announce a massive increase in sales for the five months ended 31 August 2017, as we’re talking double-digit numbers and no negative data to be seen in any region or segment.
