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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. Louis Vuitton introduces Visionary Journeys Seoul
  2. Savannah College of Art and Design debuts SCAD LUXE research center
  3. Kering to acquire jewelry manufacturer Raselli Franco Group
  4. Ennismore picks Bangkok site for first-in-region SLS Residences
  5. Exclusive Resorts purchases Inspirato for $59M
  6. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  7. Dolce & Gabbana debuts Devotion fragrance film
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  9. Longines announces latest Ambassador of Elegance
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