Richemont Five-Month Sales Tumble 16%, Urges Caution

Posted by Lauren Proctor on September 10, 2009

Luxury-goods maker Compagnie Financiere Richemont, on Wednesday reported a 16% fall in sales for the first five months of the year and delivered a cautious outlook, as wealthy customers curbed their demand for high-end watches and jewelry. (Market Watch)

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