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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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  1. In conversation with Hong Kong property and hotel mogul Adrian Cheng
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  3. Veuve Clicquot debuts après-ski activations
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  5. Dior dives into French Riviera with escapist fragrance
  6. Hermès showcases the surreal for spring campaign
  7. US luxury car market expected to double in next decade: BCG
  8. Louis Vuitton introduces Visionary Journeys Seoul
  9. Savannah College of Art and Design debuts SCAD LUXE research center
  10. Fendi pays homage to artist with playful puppet fall campaign
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