—the luxury group owner of brands such as Cartier, Dunhill, Chloe, and Roger Dubuis— reported that quarter sales ending September 30 are down 1 percent, bringing its total sales to $5.1 billion, Vogue Businessand Kering, have also revealed troubling sales figures analysts believe are due to, in part, from sluggish Chinese consumer spending.
Richemont’s extensive portfolio runs across fashion, jewelry, watches, and e-commerce, and the company’s analysis revealed that each category is faring differently in the current economic climate. The jewelry division, which includes Van Cleef & Arpels, saw sales increase 4 percent even as the watch division experienced a 19 percent drop in sales.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
China Drags Sales Down at Sandro Parent Company SMCP as it Realigns to New TerritoriesSMCP (KER.PA) Q3 2024 earnings are in: The Sandro, Maje, Claudie Pierlot parent company saw sales dip down 1 percent as it retreats from China, while the Americas were a bright spot.
Källa: wwd - 🏆 24. / 68 Läs mer »
TikTok parent company fires intern after an AI sabotageSebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
Källa: PhoneArena - 🏆 322. / 59 Läs mer »
ChatGPT parent OpenAI in talks with California to become for-profit company: reportThe move would make the firm more attractive to investors.
Källa: nypost - 🏆 91. / 67 Läs mer »
American Freight closing all stores amid parent company's bankruptcy filingAmerican Freight is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »
Bally Sports' parent company, FanDuel partner for regional sports networks rebrandThe days of Bally Sports are numbered as the network's parent company struck a deal with sports betting giant FanDuel to rename the RSNs to the FanDuel Sports Network.
Källa: FoxNews - 🏆 9. / 87 Läs mer »