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.
Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China.
The new collab with Noah offers some big improvements over their last watch, but the low price remains unchanged.
Pierre Rainero from Cartier shares about the maison's latest magical-themed timepieces such as the Santos-Dumont Rewind watch.
Cartier owner Richemont said a decline in consumer spending in China hurt sales as a luxury downturn that is hurting most of the players in the industry rumbles on. The Swiss luxury group said ...
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 ...