Compagnie Financière Richemont reported sales gained 5 percent during the holiday selling period, with its jewelry and f…

Compagnie Financière Richemont reported sales gained 5 percent during the holiday selling period, with its jewelry and fashion maisons offsetting weakness in watches and anemic consumer traffic in mainland China, then gripped by a “massive COVID resurgence.”⁠⁠Revenues in the three months ended Dec. 31 totaled 5.4 billion euros. Excluding the impact from Russia, group sales rose by 7 percent at constant exchange rates.⁠⁠Report: Miles Socha ⁠

(SOURCE) https://www.instagram.com/p/CnkGzpYOACO

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