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 ⁠