Editor
Richemont, the Swiss luxury goods maker that owns the Cartier brand, reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies.
Operating profit was €5.03 billion ($5.5 billion) and sales rose 14 percent at constant currencies in the year through March, Richemont said Friday, beating analysts’ estimates. The stock rose as much as 5.9 percent to a record in Geneva.
The company’s…
