Richemont Profits Continue to Decline; Forecasts 45% Drop for Half-Year
A luxury giant that owns brands like Cartier and IWC, Richemont just concluded its annual general meeting and reported its results for the five months to end August 2016 and they aren’t pretty. Richemont saw sales and profits in every segment and geography fall, echoing the gloomy results its rival the Swatch Group announced last month. Excluding […]