RICHEMONT’S SALES SURGE 10% AS LUXURY DEMAND SHOWS SIGNS OF RECOVERY
Richemont, the Swiss luxury goods conglomerate, reported a 10% surge in sales for the quarter ended December 31, offering a tentative sign that demand for luxury goods may be recovering. The company, which owns brands such as Cartier, Van Cleef & Arpels, and IWC, saw significant gains in the US and European markets, which helped…