Today in luxury marketing:
Richemont profits jump 42.7 percent in year
Profits at Compagnie Financière Richemont soared 42.7 percent to 1.54 billion euros, or $2.1 billion, in the 2011-12 fiscal year on the back of record sales and profits in the jewelry and watch divisions, and double-digit sales gains across all regions, according to WWD.