Richemont sales climb on stronger demand from US, China
Stellar Cartier and Van Cleef performance signals luxury downturn may be ending, with LVMH and Burberry also reporting improving China demand.
Cartier’s glimmering flagship storefront is seen in Hong Kong’s high-end retail district. The iconic jewelry house, part of Richemont Group, continues to attract shoppers in Hong Kong and mainland China, where recent sales growth signals a rebound in luxury demand. Image: Getty Images
Cartier’s glimmering flagship storefront is seen in Hong Kong’s high-end retail district. The iconic jewelry house, part of Richemont Group, continues to attract shoppers in Hong Kong and mainland China, where recent sales growth signals a rebound in luxury demand. Image: Getty Images