Question · Q2 2016
Julian Easthope asked about the performance of the 'Other' businesses segment, its outlook for H2, and the apparent mismatch between a struggling diamond market and Richemont's strong jewelry sales.
Answer
CFO Gary Saage explained that Richemont's jewelry business is centered on design and creativity with various precious materials, distinguishing it from the commodity diamond market. In the 'Other' segment, he highlighted strong performance from Montblanc, Chloe, and Peter Millar. He noted Lancel is stabilizing while Dunhill remains difficult. He also mentioned that spending is typically higher in the second half of the year.