Richemont has released a reassuring Q3 trading update. The trading performance was better than expected in all regions except for Japan. The double-digit sales progression in mainland China and Korea have fully offset the continued decline in Hong Kong. The strong recovery of flagship jewellery brands Cartier and VCA after a disappointing previous quarter has confirmed the attractiveness of the high-end jewellery market.
17 Jan 2020
Encouraging rebound in Jewellery
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Encouraging rebound in Jewellery
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
17 Jan 2020 -
Author:
Jie Zhang -
Pages:
3
Richemont has released a reassuring Q3 trading update. The trading performance was better than expected in all regions except for Japan. The double-digit sales progression in mainland China and Korea have fully offset the continued decline in Hong Kong. The strong recovery of flagship jewellery brands Cartier and VCA after a disappointing previous quarter has confirmed the attractiveness of the high-end jewellery market.