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  1. 22 hours ago · Richemont report’s follows worse-than-expected financial results from Swiss watchmaking rival Swatch Group, which posted a 70 per cent drop in profit it blamed on collapsing demand from China, and a profit warning from luxury giant Burberry Group.

  2. Jul 17, 2024 · Cartier-owner Richemont says China sales tumble 27%. The Swiss luxury group said overall sales dipped 1 percent to 5.27 billion euros ($5.74 billion) in its first quarter that ended June 30, with growth seen in the Americas, Japan and Europe. But sales in the Asia-Pacific region, excluding Japan ― Richemont's top sales area ― fell by 19 ...

  3. 22 hours ago · ZURICH: Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world’s second-largest economy lashes luxury firms. The ...

  4. 22 hours ago · Cartier-owner Richemont said today its quarterly sales in China tumbled by 27% as the deepening economic malaise in the world’s second largest economy lashes luxury firms. The Swiss luxury group ...

  5. 22 hours ago · Sales of Richemont watch brands, which include Vacheron Constantin, Jaeger-LeCoultre and IWC, fell 13% in the three months through June, driven by a 27% drop in Greater China it said Tuesday.

  6. 7 hours ago · Luxury goods giant Richemont reported similar troubles in China in its quarterly sales update released on July 16. While overall sales were flat in the quarter, revenue from China declined 27%.

  7. 7 hours ago · Compagnie Financière Richemont SA is a world leader in luxury products. Net sales break down by family of products as follows: - jewelry items (42.2%): the brands Cartier (world No. 1 in jewelry), Van Cleef & Arpels, and Giampiero Bodino; - luxury watches (31.1%): Piaget, A. Lange & Söhne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier and Roger ...

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