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Posted by
Two Blokes May 16 -
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Richemont reported a 7% increase in fourth-quarter sales on Friday, helped by strong demand for high-end jewellery in the United States, which offset weaker performance in its watch division, particularly in Asia. The Swiss luxury group, which owns Cartier and Van Cleef & Arpels, generated €5.17 billion in sales in the three months to March, slightly ahead of analyst expectations.
