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Richemont sales growth more or less in line

September 12, 2013

Richemont (Attractive*) the world’s largest jewelry maker, reported slower revenue growth for the first five months of its fiscal year that missed analysts’ estimates on lower sales in mainland China. Sales rose 9% in the period through August, excluding currency shifts, the Geneva-based. Analysts expected 10% growth. Total sales increased 4% in the five-month period, compared with the 6% median estimate.