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Richemont, retail numbers, China and Victoria Beckham – News briefs

August 7, 2012

 

Today in luxury marketing:

Hard luxuries still riding high as Richemont expects huge sales and profits
The largest conglomerates that deal in hard luxuries -- jewelry and watches -- are posting exceptionally strong sales and profits. The latest example is Geneva-based Compagnie Financière Richemont, which issued a statement Monday saying that it expects first half profits to rise from 20 percent to 40 percent, year-over-year, Forbes reports.

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