Cartier-owner Richemont misses sales targets as China demand stalls

Orientul Mijlociu

Luxury group’s jewellery brands, its biggest division housing Cartier and Van Cleef & Arpels, show resilience. Swiss luxury group Richemont’s sales dipped in the three months to September with the owner of Cartier becoming the latest in the sector to report slower than expected revenues as Chinese demand stalls. Sales at Richemont fell 1 per cent on a comparable basis to €4.8 billion (US$5.14 billion; S$6.84 billion) in the three months to Sep 30, underperforming Visible Alpha consensus

Cartier-owner Richemont misses sales targets as China demand stalls https://www.channelnewsasia.com - 11.11.2024 09:18

din zilele anterioare

Cartier-owner Richemont misses sales targets as China demand stalls https://www.channelnewsasia.com - 11.11.2024 09:18