Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China.
The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players ...
Cartier owner Richemont said weaker consumer spending in China hurt sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.
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