Luxury firms had been facing cooler demand for high-end goods after years of aggressive price increases. Photo: Bloomberg
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on the Swiss luxury group’s Cartier jewellery.
Sales at constant exchange rates climbed 10% during the three months through December, Richemont said in a statement Thursday (Jan 16). Analysts had expected a gain of less than 1%.
