Story Highlight
– Cartier sales in the UK rose 11% to £251 million.
– Operating profit increased by 25% to £15 million.
– Richemont’s UK sales rose 5.5% to £277 million.
– Cartier’s investments include £159 million in Mayfair real estate.
– Cartier forecasts surpassing Richemont’s sales by decade’s end.
Full Story
Cartier has experienced substantial growth in the UK, outpacing its parent company, Richemont, as indicated by the latest financial records.
For the financial year concluding in March 2025, Cartier’s sales in the UK climbed by 11%, reaching £251 million, while operating profit surged by 25% to £15 million. In contrast, Richemont reported a more modest sales increase of 5.5%, bringing its UK total to £277 million.
Industry observers suggest that if the current growth trend continues, Cartier’s sales could surpass those of Richemont’s other brands by the end of the decade. It is important to note that Richemont does not disclose sales figures for Cartier broken down by category, such as watches versus jewellery, nor does it differentiate between wholesale and retail sales. However, analysts estimate that watches may contribute approximately 25-30% of Cartier’s overall turnover, implying that around £70 million of Cartier’s UK revenue could stem from watch sales alone.
With its increasing profits, Cartier is making significant investments in high-end Mayfair real estate. In the 2024-25 financial year, the luxury brand acquired investment properties valued at £159 million, with an additional £2.6 million generated from property income. Land Registry records reveal that Cartier purchased the building at 18-19 Albemarle Street for £67.5 million, which houses tenants including British jeweller Boodles and fashion designer Amanda Wakeley. Boodles’ showroom extends to No. 178 New Bond Street, a property Richemont acquired for £82 million last year, situated right next to Cartier’s flagship store at No. 177.
According to Cartier Ltd’s accounts, the company noted: “During the year the company acquired two properties in Central London for £159,333,000. The funding of the property acquisition was done through additional capital received from the company’s parent company Richemont Holdings (UK) Limited. The properties are held as investment properties.”
Cartier currently operates eight boutiques across the UK, all located in London, where a range of jewellery and watches are available for purchase. A network of partner jewellers across the country is currently permitted to sell only watches.
