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Richemont Shares Slump as US Revenue Unexpectedly Declines

(Bloomberg) Richemont led luxury-goods stocks lower amid concerns that demand in the US and China, two of the biggest markets for the industry, is starting to sputter.Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Union Asks Biden Not to Intervene in Case of StrikeThe Swiss owner of

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Johann Rupert-chaired Richemont's sales rise as China demand holds, while US softens

Richemont reported higher first-quarter sales as a rebound in China outweighed a decline in the Americas.

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Richemont Shares Drop 7 Percent as US Revenue Declines

Richemont Shares Drop 7 Percent as US Revenue Declines
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The 57% return delivered to Burberry Group's (LON:BRBY) shareholders actually lagged YoY earnings growth

Burberry Group plc ( LON:BRBY ) shareholders might be concerned after seeing the share price drop 18% in the last.

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Men Formal Shoe Market Size, Trends, Share, Growth & Forecast 2023-2028

Men Formal Shoe Market Size, Trends, Share, Growth & Forecast 2023-2028
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