Cartier Parent Richemont’s Earnings Set to Lose Sparkle - News Summed Up

Cartier Parent Richemont’s Earnings Set to Lose Sparkle


Falling sales in Asia and fewer tourists in Europe are likely to weigh on Cie. Financière Richemont’s earnings, with analysts expecting a steep drop in five-month revenue that could also reflect deeper problems for the Swiss watch industry. Sales at the Geneva-based owner of Cartier, Montblanc, and Vacheron Constantin, which will be released on Wednesday morning, are seen falling about 12% for the five months ending in August...


Source: Wall Street Journal September 10, 2016 09:30 UTC



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