Richemont Full Year Results Down

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Richemont Full Year Results Down

Postby koimaster » May 13th 2017, 3:24am

Richemont’s results for the year to March 31, 2017, are down on the previous year, sending its shares down 5% at the end of trading.

Sales at the owner of brands like Cartier, IWC and Panerai fell 4%, largely due to weakness in its watch division as well as buy-backs of watch inventory from retailers, which cut sales by €278m.

http://watchesbysjx.com/2017/05/richemo ... board.html
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