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First-half sales at Richemont flatten as spending in China recedes

Jewelry sales saw minor increases while timepiece purchases slumped. Image credit: Richemont During the six-month period, ended Sept. 30, 2024, the group recorded revenues of just over $10 billion. Image credit: Richemont

 

Swiss luxury conglomerate Richemont is reporting no growth for the first half of its 2024 fiscal calendar.