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Richemont Shoots Down Reports of LVMH Takeover Interest

Chairman Johann Rupert spoke after the Cartier-owner reported annual earnings above analyst estimates.
The exterior of a Cartier store in London. Store signs are shown above the door and on a red flag hanging outside.
The Cartier-owner reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies. (Shutterstock)

Richemont, the Swiss luxury goods maker that owns the Cartier brand, reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies.

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