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Luxury group Richemont's sales surge in China, boosting its shares, ET Retail

Richemont, one of the worlds biggest luxury groups after Frances LVMH, Chinas improvement helped push it towards its highest ever quarterly sales in the three months to the end of December, noting a sequential acceleration, with December being the strongest month.
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Luxury group Richemont's sales jump in China while Europe slips

ZURICH (Reuters) -Cartier jewellery owner Richemont painted a mixed picture of the luxury sector in its latest results on Thursday, reporting a sales decline in Europe but a big increase in China. The Swiss-based company said sales in constant currencies, which remove foreign exchange fluctuations, fell 3% in Europe as higher sales to Chinese tourists and domestic customers failed to compensate for lower spending by travellers generally, particularly from the United States. Sales increased by ...
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Source: yahoo.com

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