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Richemont Sales Up 6%, Defying Deepening Luxury Downturn

The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
The Cartier store on Bond Street on 1st June 2025 in London.
The Cartier store on Bond Street, London. (Getty Images)

Swiss conglomerate

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