Richemont Group reports 30 percent profit increase for the actual year to 31st March 2013
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Lorre blue, "the luxurious Guru" identifies luxury as a "lifestyle, not simply amassing quantity " It is an ignited approach to living, This allows these brands to benefit from the strongest and fastest growing media source, other king is web. Americans searching online to shop twice as much as the average individual. People spend more time on the web then in front of the TV. a recent study done by The Luxury Institute found that Luxury consumers were disappointed in the weakness of luxury brands to meet their on line needs. Luxury brands were slow to enter fearing affiliation with the mass marketers and an wherewithal to supply "the luxury experience, The purpose of The Luxury Channel is to bring a luxury venue to the web where elite brands can have an appropriate environment to share their product knowledge and services in a classy global reach. By all the brands sharing one venue it saves companies huge amount of money by having to establish their own channel from scratch and creating and producing content and paying to market their channel against all the other thousands of luxury brand's channels. Any commercial agency can create a product video for a company, But with The Luxury Guru you get the video and a way to distribute it worldwide.
Richemont association, globe's second largest luxury group, Positive financial latest shopping results for the full year to 31st March 2013: Sales step-up of 14% to 10,15 million euros, 30 % growth in profit to 2 billion euros and an 18% boost in operating profit to 2,42 billion dollars euros.
based on the company statement, The Jewellery Maisons and the Specialist Watchmakers have reported remarkable growth in profits, Despite the continuing strength of the Swiss franc and historically high cost of silver and gold coins and stones. Among our several Maisons, NetaPorter is constantly on the enjoy sales growth above the Group average. Montblanc and the style and Accessories Maisons grew in the midsingle digits, Reflecting an issue conditions in their major markets.
Despite the slowdown in the Asia Pacific region and continuing uncertainty around the globe economy, Sales in the month of April were 13 % above the comparative period and 12 % at constant exchange rates. stated, One month of sales should possibly not be taken as an indication of the year as a whole.
The sales growth is essentially attributed the strong demand from tourism in Europe, Which included 36 % of overall sales, Americas region also remained strong throughout every season. areas enjoyed good growth, Largely due to demand from tourists. therefore, The highest growth rates were in the Maisons' own boutiques in holidaymaker destinations, such as Middle East. Sales in the Asia Pacific region included 41 % of the Group total, With Hong Kong and mainland China the two largest markets.
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