Yen weakness finally subdues luxury splurge at Cartier-owner Richemont
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最新报道：Richemont, owner of luxury brands like Cartier and Van Cleef & Arpels, reported a 4% drop in quarterly sales as prolonged yen weakness dampened spending by Japanese tourists. The Swiss group's jewelry sales fell 6% in Asia-Pacific, its largest market, with CFO Burkhart Grund citing "significant currency headwinds" in Japan. While Chinese demand rebounded post-pandemic, Richemont warned of slowing global luxury growth amid economic uncertainties. The company plans to raise prices selectively to offset currency impacts, with Chairman Johann Rupert noting "the yen's dramatic depreciation has altered traditional shopping patterns." Shares dipped 2.5% as the results missed analyst expectations.
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