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Nov. 22, 2024
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Commerce

Quarterly revenues at Richemont stall, sales crash in China

July 16, 2024

A quarterly loss of sales in China is holding the conglomerate back from meeting growth targets. Image credit: Richemont Losses across Asia Pacific held the conglomerate back last quarter. Image credit: Richemont

 

By Zach James for Luxury Daily News Service

Swiss luxury conglomerate Richemont continues to navigate a global slowdown in demand for luxury goods.

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