Sunday, October 11, 2009
Richemont sales fall 16%
Luxury goods group Richemont has posted a 16% sales decline, at actual exchange rates, for the five months to August 30
Richemont, which owns luxury brands including Chloe and Dunhill, saw European sales slump 22% over the period.
The group also suffered a sharp reversal in the Americas, where sales fell 35% but the Asia Pacific region delivered growth of 5% during the period.
Richemont chairman Johann Rupert said that retail sales had “fared reasonably well”, but the
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