Sales for the five months ended 31 August were down 14%. Jewellery retreated by 16% and watch sales dropped 19%. All regions posted double-digit declines except for the Americas (-8%) which benefited from a favourable momentum in jewellery and accessories. In Europe (-20%), neither nationals nor the favourable momentum in the UK managed to offset the slowdown caused by the decrease in tourist flows. Macau and Hong Kong continued to deliver weak momentum, tearing down the growth in mainland Ch
14 Sep 2016
Suffocating...
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Suffocating...
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
14 Sep 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Sales for the five months ended 31 August were down 14%. Jewellery retreated by 16% and watch sales dropped 19%. All regions posted double-digit declines except for the Americas (-8%) which benefited from a favourable momentum in jewellery and accessories. In Europe (-20%), neither nationals nor the favourable momentum in the UK managed to offset the slowdown caused by the decrease in tourist flows. Macau and Hong Kong continued to deliver weak momentum, tearing down the growth in mainland Ch