Sales fall at Chloe
- Published: 17 July 2008 09:41
- Author: Jessica Price Brown
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- Last Updated: 17 July 2008 09:48
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Richemont, the luxury goods group behind Chloé, saw sales rise 13% to €1.4 billion (£1.1bn) for the three months ended June 30.
However sales at Chloé were down mid-single digits during the period because of lower retail sales. However sales at the group's "other businesses" which includes the Chloé brand, rose overall by 23% to €75 million (£59.5m). This was boosted by acquisitions including the purcahse of a stake in designer womenswear label Azzedine Alaia.
Richemont's sales in Europe rose 17% to €651m (£516.4m) for the quarter.
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