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.