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Richemont expects difficult luxury climate to persist in short-term

Posted ByStaff reportsOn In Apparel and accessories,Commerce,Industry sectors,Jewelry,News | No Comments
Image courtesy of Cartier Image courtesy of Cartier

 

By Staff reports

Luxury group Richemont’s sales for the first five months of fiscal year 2017 were down 13 percent from the same period last year, yet another example of the challenging luxury market.