Luxury Downturn Over? Richemont Delivers "Massive" Sales Beat, Send Shares Soaring
Luxury Downturn Over? Richemont Delivers “Massive” Sales Beat, Send Shares Soaring Swiss luxury group Richemont reported third-quarter sales that topped Bloomberg Consensus estimates, fueling a rally in European luxury goods stocks. The earnings have ignited optimism that “demand for high-end goods may be recovering,” Goldman Sachs analysts told clients. For the three months ending in December, […]
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