menu
Get a daily delivery of PSFK
Subscribe to get a daily digest of new ideas and discoveries and to find out about upcoming events

richemont’s earnings fall 10%

Bloomberg reports that the world's second largest luxury-goods maker has been hit by changing market economics.

Piers Fawkes, PSFK

Bloomberg reports that the world’s second largest luxury-goods maker has been hit by changing market economics:

Net income fell to 1.09 billion euros ($1.39 billion) in the 12 months ended March 31, the Geneva-based company said today in a statement. Profit at the main luxury-goods business climbed 47 percent. The shares slid as much as 7 percent as the company said it can’t tell how falling stock prices and changes in the global economy will affect demand for luxury goods.

Bloomberg.com: Europe

{{post.author_display_name}}
  • {{post.date_formated}}
{{post.author_display_name}}
  • {{post.date_formated}}
Read More Tap to Expand
PSFK Writer {{post.author_display_name}}
  • {{post.date_formated}}
PSFK 2015

Live, Work, Play Better
The PSFK 2015 conference experience

NEW YORK, NY | April 16-April 18 2015
Get a daily delivery of PSFK
TREND REPORT

PSFK Labs presents
The Future of Retail 2015

A Manifesto To Reinvent The Store