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November 19, 2007
Emerging Markets Boost Richemont's First Half
Swiss luxury group Compagnie Financière Richemont SA reported a 28 percent spike in earnings for the first half of the year to $1.2 billion.
The company, which owns jewelry brands Cartier and Van Cleef & Arpels, said that jewelry sales surged 9 percent during the period while watch sales saw sales grew by 18 percent.
Growth was strongest in emerging markets such as Russia and the Middle East, the company said.
Posted by Blacks on November 19, 2007 09:21 AM
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