Richemont has reported organic growth below consensus in Q1. Sales were up 3% lfl and 12% reported. Uncertainties in Hong Kong, and cautious watch inventory management with wholesalers and watchmakers have pulled growth down.
18 Jul 2019
Hard luxury is still in turmoil
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Hard luxury is still in turmoil
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
18 Jul 2019 -
Author:
Rim BEN SALAH -
Pages:
2
Richemont has reported organic growth below consensus in Q1. Sales were up 3% lfl and 12% reported. Uncertainties in Hong Kong, and cautious watch inventory management with wholesalers and watchmakers have pulled growth down.