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, ...
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, ...
Channel NewsAsia Singapore1d
Cartier-owner Richemont misses sales targets as China demand stalls
Luxury group’s jewellery brands, its biggest division housing Cartier and Van Cleef & Arpels, show resilience.
Jewellery sparkles for Cartier parent Richemont, despite China sales dip
Richemont reported a dip in quarterly sales, as the luxury goods group largely offset tougher conditions in China with growth ...
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'Middle East is our most dynamic market,' Mytheresa's Michael Kliger says as platform bucks industry slump
Michael Kliger, chief executive of luxury e-commerce platform Mytheresa, is in Dubai for a brief stopover en route from ...
Business Times4d
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling ...
Richemont Expected to Report Flat Sales, Higher Profit -- Earnings Preview
Cartier owner Richemont is scheduled to report results for the first half of its fiscal year on Friday. Here is what you need to know: SALES FORECAST: For its second quarter, which goes from June to ...
Alibaba, JD tout Singles Day highs even as China’s economy sags
CHINA’S biggest ecommerce platforms issued a welter of numbers showing robust growth during the country’s biggest online ...
voguebusiness3d
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 ...
Richemont H1 Profit Hits On Weak China Demand; Stock Dips
Shares of Compagnie Financiere Richemont AG were losing around 4 percent in the morning trading in Switzerland after the Swiss luxury ...
Legit on MSN4d
Cartier owner's profit sinks as China sales slump
Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector.Gucci owner Kering ...