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Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China.

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Richemont shares dropped in price by 5% in this morning's trading after profits fell by 17% to €1.7 billion ($1.8b) for the ...

Cartier owner Richemont said weaker consumer spending in China hit sales, particularly at its watch brands, as a luxury ...

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Shares of Compagnie Financiere Richemont AG were losing around 4 percent in the morning trading in Switzerland after the Swiss luxury ...

Cartier jewellery owner Richemont has today reported a dip in quarterly sales, as the luxury goods group largely offset ...

Cartier owner Richemont said weaker consumer spending in China hurt sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.

Richemont’s profit slumped in the first half as the Swiss luxury group’s watchmaking division suffered from falling demand in China.

Cartier and Van Cleef & Arpels parent Richemont saw sales decline, with the specialist watchmaking category down 17 percent ...