Cartier’s Parent Company Just Hit a Record $21.7 Billion in Annual Sales Thanks to China Opening Up

, Van Clef & Arpels, and Jaeger-LeCoultre, to name but a few) and the resilience of luxury shoppers but also acknowledged that “economic volatility and political uncertainty look set to remain features of the trading environment.”

Rupert later told analysts of the impact interest rate hikes are having on consumer sentiment and the U.S. economy at large, as reported by. He added the U.S. Federal Reserve Board had been “reckless” in raising interest rates so rapidly and frequently over the past year. Richemont’s sales in the Americas region actually grew by 27 percent over the past 12 months, but Rupert is forecasting a slowdown in growth this year.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bud Light parent company's stock downgraded by HSBC amid branding 'crisis,' huge sales dropHSBC is downgrading Anheuser-Busch InBev to hold following the Bud Light 'crisis' involving a marketing campaign featuring transgender activist Dylan Mulvaney.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Coach parent Tapestry’s stock soars premarket after company beats on earnings and raises guidanceTapestry Inc.’s stock soared 9% premarket Thursday, after the parent of the Coach, Kate Spade and Stuart Weitzman brands beat estimates for its fiscal third...
Source: MarketWatch - 🏆 3. / 97 Read more »

Brinks Home Security parent company to seek bankruptcy protection in deal with lendersOne of the top providers of home security systems in the nation plans to file for Chapter 11 bankruptcy protection. Monitronics International Inc., the...
Source: dallasnews - 🏆 18. / 71 Read more »

Revolut CFO to depart company after two years, company saysInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »