Luxury group Richemont reports Q4 sales slowdown, appoints new CEO – ET Retail
ZURICH: Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a drop of 1% in its fourth quarter sales on Friday. The company, which also owns high-end Swiss watch brands, such as Piaget and Jaeger-LeCoultre, said sales fell to 4.80 billion euros ($5.21 billion) in the three months to the…