Richemont says double-digit Chinese sales growth offset Hong Kong problems
Sales grew 4% at constant exchange rates for its third quarter to end-December, boosted by strong growth in Europe and the Americas
17 January 2020 - 08:43
Johann Rupert’s Richemont, the luxury goods group that owns the Cartier brand, said on Friday double digit sales growth in China and Korea helped offset declining sales in Japan and Hong Kong, with sales rising 6% in the company’s third quarter to end-December.
Sales grew 4% at constant exchange rates compared to the prior comparative period, with temporary store closures in Hong Kong weighing on that market...
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