00:00We broke for you the Richemont earnings earlier in the programme, reporting full-year sales
00:03at constant exchange rates ahead of estimates and launching a new share buy-back programme.
00:08We can get analysis now with Andrea Felstead, Bloomberg Opinion columnist.
00:12So Andrea, I have been eyeing a bit of Cartier recently and that seems to be what's doing
00:17well.
00:17Absolutely.
00:18It's jewellery and it's American customers, they are the two big drivers that are helping
00:24Richemont.
00:24OK.
00:25And let's also just see what other things, what regions are doing well for them at the
00:30moment?
00:30It's really, the US is the standout.
00:33We'll wait to hear on the call whether China's had any improvement.
00:36They said last time they were seeing some improvement in China, but it's really those American big
00:42spenders that have been powering luxury.
00:45It's interesting because we were wondering how much the war would have hurt consumer demand,
00:49but not seemingly so for this luxury brand.
00:51All of the brands have talked about the Middle East being affected by obviously what's going
00:58on in the region.
01:00The broader issue is whether, you know, issues in markets, a general feeling of, you know,
01:07luxury does well when we feel happy and confident and joyful and, you know, there's not really
01:12much about to make us feel like that at the moment or whether there's any broader impact.
01:17Thanks.
01:17Thanks.
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