Richemont shares plunge 5% as luxury giant reports 20% profit drop
Interim results for the Switzerland-based group which is chaired by well known South African businessman Johann Rupert, ...
voguebusiness10d
Richemont sales slip 1% as demand slumps in China
The response to the downturn and the impact of the election of Donald Trump were top of mind during a call with the Swiss ...
Cartier’s Parent Company Just Saw Its Sales Slide Amid China’s Spending Slowdown
The luxury group, owner of Cartier and Chloe, is seeing falling sales as global demand for luxury goods comes to a halt, ...
Cartier Owner Richemont's Sales Fall as Luxury's China Woes Linger — Update
Cartier owner Richemont said weaker consumer spending in China hurt sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.
Richemont First Half Sales Decline 1% in Rocky Times for Luxury
Cartier and Van Cleef & Arpels parent Richemont saw sales decline, with the specialist watchmaking category down 17 percent ...
KPCNews11d
Cartier owner's profit sinks as China sales slump
Richemont said its profit after tax reached 457 million euros ($492 million), down from 1.5 billion euros in the same ...