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Compagnie Financière Richemont SA (0QMU.IL)
- Reuters
Richemont expects pick-up in US with election uncertainty now out of way
Richemont's U.S. business could get a boost now that pre-election uncertainty following this week's presidential poll is out of the way, although it is too early to say how possible tariff hikes under Donald Trump would affect the luxury company. Chief Financial Officer Burkhart Grund said on Friday that Richemont had traditionally done well after elections, regardless of which candidate or party had won. Richemont's jewellery and fashion and accessories business in the United States and among American customers who travel has been growing "quite consistently," he told reporters after Richemont's latest results, with watches also increasing sales.
- WWD
Richemont First Half Sales Decline 1% in Rocky Times for Luxury
Cartier and Van Cleef & Arpels parent Richemont saw sales decline, with the specialist watchmaking category down 17 percent in the first six months.
