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Richemont Group reports declining sales in Asia-Pacific

By Aiko Tanaka
1 min read
jaeger lecoultre owned by richemont group flagship store 568x378
jaeger lecoultre owned by richemont group flagship store 568×378

World’s second largest luxury conglomerate, Swiss based Richemont Group reports flat sales at constant exchange rates (sales increased at 4 percent at actual rates) in the quarter to 31 December 2014. Growth in Europe/Middle East and the Americas was offset by a significant decline in Asia-Pacific. Overall, third quarter trading was below the first six months of the year.

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