Cartier-Owner Richemont Quarterly Sales Beat Estimates as Jewellery Demand Continues
Cartier-owner Richemont reported a faster-than expected quarterly sales increase on Friday, helped by continued demand for its jewellery and bumper growth in the United States and Japan. The company, which also owns Swiss watch brands Piaget and IWC, said its sales rose by 13% when measured in constant currencies to €5.95 billion ($6.58 billion) in the three months to the end of September. The figure beat analyst forecasts for €5.89 billion in a consensus compiled by Visible Alpha.
