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Richemont's FY Sales +29%, Profit +43%
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Richemont reported that group sales rose 29 percent year on year to $11.39 billion (EUR 8.87 billion) during the retailer's fiscal year that ended on March 31. Revenue growth was driven by higher demand from...
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Retail
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May 16, 2012
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Dilipp S Nag
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Richemont's FY3Q Sales +24%
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Richemont reported that group sales rose 24 percent year on year to $3.32 billion (EUR 2.62 billion) in the third fiscal quarter that ended on December 31, 2011 driven by growing Far East demand. ''The group’s overall performance remains solid,'' said Johann Rupert, Richemont’s chairman and...
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Retail
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Jan 16, 2012
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Avi Krawitz
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Online Buyers of Jewelry, Luxury Goods Rise in India
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The number of online shoppers in India searching for jewelry, luxury goods and accessories rose 36 percent year on year to 2.1 million in November 2011, comScore reported.“The online channel is playing an increasingly important role in connecting retailers...
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Retail
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Dec 22, 2011
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Dilipp S Nag
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HSBC Sees Robust Luxury Demand in China
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Demand for luxury goods is likely to remain robust for mainland China and Hong Kong as fears of a sharp slowdown in the region appear exaggerated, according to HSBC Global Research. ''HSBC predicts that Chinese domestic demand will be strong enough to offset any potential slowdown in exports, with consumer...
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Retail
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Sep 15, 2011
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Dilipp S Nag
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Marketing
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May 26, 2011
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Jeff Miller
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