Echoing its rivals in the luxury goods industry – including LVMH, Kering or Swatch Group – Swiss luxury powerhouse Richemont just announced growth for the year ended 31 March 2018. Sales increased by 3% at actual rates and by 8% at constant rates to EUR 10,979 million. The group reports strong performance in their retail network. Operating profit grew 5% at EUR 1 844 and the proposed dividend will be CHF 1.90 (a 6% increase compared to previous period).
