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The bling bloodbath is so last season.
Cie Financiere Richemont SA on Thursday reported a 10 percent increase in sales excluding currency movements in the three months ended Dec. 31, far outpacing the less than 1 percent that analysts had expected.
The Swiss company has kicked off the luxury reporting season in style. Its performance — and a strong showing from cashmere king Brunello Cucinelli SpA — should go some way in reassuring investors that the worst is over for Big Luxury. Last…
