International Companies

Shares slide as Richemont results fail to sparkle

By Abigail Townsend

Date: Friday 08 Nov 2024

(Sharecast News) - Shares in Richemont fell sharply on Friday, after the luxury goods giant missed expectations, weighed down by sluggish Chinese demand.
The French firm, which owns Cartier, Van Cleef & Arpels, IWC and Chloe, among others, said revenues in the six months to 30 September dipped 1% to €10.1bn....

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