Richemont Revenue Beats Estimates on Japan, Europe Demand

Updated on
  • Japan had 48% sales growth, Europe gained 26% in five months
  • Asia-Pacific remains "extremely challenging," Richemont says

Richemont Revenue Misses Analyst Estimates on Asian Slowdown

Kiyoshi Ota/Bloomberg

Richemont, the world’s biggest jewelry maker, said sales growth accelerated as weaker currencies attracted big-spending tourists to Japan and Europe, spurring the stock’s steepest intraday gain in more than two years.

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