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Richemont quarterly sales down 47pc over pandemic shutdowns, but ecommerce growth is strong

Richemont-owned Cartier recently launched its Surnaturel high jewelry collection Richemont-owned Cartier recently launched its Surnaturel high jewelry collection

 

As expected with the COVID-19 fallout, Cartier parent Richemont reported sales for the Swiss conglomerate’s fiscal first-quarter were down 47 percent compared to the year-ago period.