Richemont

Cartier-owner Richemont Grapples with 27% Sales Plunge in China

Cartier-owner Richemont finds itself navigating choppy waters in the luxury goods sector as it reports a significant 27% decrease in sales in China for the fiscal first quarter ending June 30, 2024.

The Biggest Luxury Conglomerates in the World

The fashion and luxury industry is dominated by several major corporations that have established themselves as leaders in the market.