Richemont Reports Record Revenues – Luxury Stocks Soar

The Swiss luxury group Richemont, owner of brands like Cartier and Van Cleef & Arpels, reported a 10% increase in revenue for Q3. The company's shares soared by 17.15% on Thursday in response. Other European luxury stocks such as LVMH, Christian Dior, and Hermès also rose, bolstered by positive signals for the industry during the strong sales period of the holiday season. Highest Quarterly Revenue in Company History With a revenue of €6.2 billion ($6.38 billion) at constant exchange rates, Richemont achieved the highest quarterly revenue...