(Bloomberg) Luxury-goods stocks slumped in Europe, wiping out more than $25 billion in market value, after Richemont Chairman Johann Rupert said inflation is starting to dent demand across the region.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Te
Omega: Swiss watch exports have continued to increase in 2023 after reaching a record of more than 24 billion francs ($28 billion) last year. Wait lists for the most in-demand timepieces are increasing and average selling prices are growing.