Richemont sales in China jump 25%, Europe slips

Richemont, owner of Cartier jewellery, witnessed a hug increase in its sales in China by 25 per cent, while its sales in Europe slipped, Reuters reported on Thursday.

The Swiss-based luxury company said that its sales in Europe fell by three per cent.

The company’s shares were set to open 4.6 per cent higher in the pre-market activity of the Zürich exchange.

Reuters reported that Richemont’s sales increased by eight per cent in just the last three months of 2023, rising from five per cent in the previous three months.