Richemont says French protests weighed on sales momentum in Europe

Cartier owner Richemont on Friday posted a slight slowdown in the pace of underlying sales growth in the quarter to Dec. 31, with protests in France hitting business in Europe even as trading in mainland China stayed strong.

The Swiss group posted a 5 percent rise in sales at constant currencies in the October to December period, excluding recently acquired online distributors Yoox Net-A-Porter (YNAP) and Watchfinder, a second hand platform.

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