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Tag Archives: Trading

Richemont Expects Profit Jump as Trading Improves

ZURICH, Switzerland — Cartier owner Richemont said it expects an 80 percent increase in net profit for the six months ended September 30 after demand for luxury watches picked up. Swiss watchmakers are recovering from a severe downturn in demand, mainly due to a collapse of the Hong Kong market that had prompted the world’s second-biggest luxury group to buy back ...

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