Results show further slowdown in sales growth from 12% increase at constant currency booked in the first half of the year. First-quarter sales increased 19% on year at constant exchange rates. The core jewelry division reported sales of EUR3.95 billion for the third quarter, up 12% at constant exchange rates. Asia-Pacific accounted for the largest part of group sales and reported growth of 13% boosted by a 25% sales increase in Mainland China, Hong Kong and Macau, the company said. All distribution channels recorded sales growth except for the online retail channel where sales decreased by 5%.

Source: Wall Street Journal January 18, 2024 12:54 UTC