Richard Mille reports double digit growth in 2013 to US$145 million
In a recent interview to WtheJournal.com, Richard Mille, Founder and CEO of the eponymous luxury watch-maker has confirmed yet another positive year for 2013, with double digit growth reaching a turnover of US$145m and 3,000 watches sold. The company aims to reach a production of 3,300 watches in 2014, with a focus on women’s watches and short-term expansion of distribution into Germany, Scandinavia and Eastern Europe.
The company currently has 16 mono-brand boutiques, mostly operated in franchising or partnerships and it aims to reach 25 mono-brand boutiques by the end of 2014. Richard Mille plans new boutique openings in New York, Milan, London, Jeddah and Doha, as well as the relocation of the Paris flagship store to a 220 sqm retail space on the Avenue Matignon in April.