Richemont has reported a lower-than-expected Q3 22/23 trading performance.
The strong growth in Japan and Europe was not enough to offset the massive impact of COVID-related disruption in China and the softer growth in the Americas.
However, the group said that sales in China recovered nicely at the beginning of January.
Although the visibility on consumer trends and the overall macroeconomic environment in China remain low, discretionary spending is going to rebound from the COVID-related di ....
19 Jan 2023
All eyes on the new year
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Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
19 Jan 2023 -
Author:
Jie Zhang -
Pages:
3
Richemont has reported a lower-than-expected Q3 22/23 trading performance.
The strong growth in Japan and Europe was not enough to offset the massive impact of COVID-related disruption in China and the softer growth in the Americas.
However, the group said that sales in China recovered nicely at the beginning of January.
Although the visibility on consumer trends and the overall macroeconomic environment in China remain low, discretionary spending is going to rebound from the COVID-related di ....