Richemont, the maker of Cartier jewelry and Jaeger LeCoultre watches, said its first- quarter sales were boosted by a strong rebound in Asia
reported a 14% increase in first- quarter sales on Monday, boosted by a strong rebound in Asia and demand for its high-end jewellery.
But the Americas, where concerns have risen in recent months about a slowdown in luxury demand in the United States, saw sales fall 4%, said the company, which also owns several high-end watch brands.Visitors look at models on the IWC booth during the Watches and Wonders fair in Geneva, Switzerland March 27, 2023. REUTERS/Denis Balibouse
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