Richemont is mostly invested in high-end luxury brands whose businesses rely on steady relationships with high-income regular buyers of luxury goods. With that said, two of Richemont’s largest brands (Cartier & Montblanc) indeed serve the high-end luxury market but also have a range of more mainstream luxury products intended for mainstream consumption. I state this in order explain what part of the luxury goods market Richemont is most keenly interested in. Richemont also indicates that 40% of its sales come from Asia (mostly the Far East) with Europe being its second largest market accounting for 27% of sales. The United States interestingly only accounts for 16% of sales. To put that into context, the country of Japan alone accounts for 6% of Richemont sales.
ABTW
