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Richemont Shares Slump as US Revenue Unexpectedly Declines

(Bloomberg) Richemont led luxury-goods stocks lower amid concerns that demand in the US and China, two of the biggest markets for the industry, is starting to sputter.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Union Asks Biden Not to Intervene in Case of StrikeThe Swiss owner of ....

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Luxury group Richemont boosted by Asia recovery but Americas weigh, ET Retail

Richemont posted a 19% rise in organic sales which exclude the impact of currency movements while analysts expected 20%, Bernstein analyst Luca Solca noted. ....

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