Cartier owner Richemont said weaker consumer spending in China hit sales, particularly at its watch brands, as a luxury downturn that is hurting most players in the industry rumbles on.

“I don't think there's any watch more important than the Cartier Tank,” says Kevin O’Dell, a vintage watch dealer and avid ...

Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector. Richemont said ...

ZURICH — Cartier owner Richemont posted on Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector.