Richard Mille turn over near 1 billion
The watchmaker Richard Mille will end the year with growth in sales and volumes. The Maison is still planning to stop sales of its watches via retailers by the end of 2019. The consolidated turnover including Richard Mille boutiques is expected around 900 million francs for this year. As for volumes, they will settle at 4,900 this year, after 4,600 in 2018. Next year, the manufacture of Breuleux aims 5,200 units. The average price of a Richard Mille watch is currently at 180’000 francs while it was under 100’000 ten years ago. Regarding the evolution of the distribution network, Richard Mille confirmed its intention to end partnership with the thirty retailers still selling the brand. Richard Mille currently has 42 stores and targets 50. Some 200 employees work in shops and 170 in production at the Breuleux factory.