Richemont : 1st quarter sales more or less stable
The Swiss luxury goods group (Cartier, Van Cleef & Arpels, Buccellati) reported growth in all regions except Asia-Pacific, as well as continued growth in direct sales to customers, particularly in the jewelry houses.
Single-digit growth in jewelry houses and the 'other' business sector (which includes fashion houses and accessories) offset lower sales by specialized watchmakers, impacted by strong exposure to Asia-Pacific.
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