Pursuits
Richemont Sales Rise 33% on Asia; Tougher Times Ahead
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Cie. Financiere Richemont SA, the world’s largest jewelry maker, said fiscal third-quarter revenue rose 33 percent, helped by Asian sales of watches, and repeated that the fourth quarter will be tougher.
Revenue in the three months ended Dec. 31 increased to 2.11 billion euros ($2.8 billion) from 1.59 billion euros a year earlier, the Geneva-based maker of Jaeger-LeCoultre watches said today in a statement. That beat the 2 billion-euro average estimate of 10 analysts.