US EditionIndustry News: Richemont Reports Growth for Its Yearly Results Ended March 2025
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Industry News: Richemont Reports Growth for Its Yearly Results Ended March 2025
The slowing global economy and changes in consumer behaviour are hurting the luxury watch industry. Geneva-based luxury goods group Richemont reported a 4% increase in sales for their 2024/25 year, closing at the end of March at EUR 21,399 million. At EUR 3.8 billion, the profit for the year’s continuing operation is down 1%. This […]
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