Cartier owner Richemont sales surge shows strength of top end luxury – ET Retail
Richemont, the owner of Cartier jewellery, beat market expectations for third-quarter sales on Thursday, fuelling hopes that the luxury sector could be coming out of its recent downturn. The Swiss company’s sales jumped 10% year-on-year to 6.2 billion euros ($6.37 billion) for the three months to end-December, well ahead of analyst expectations for a 1%…