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Richemont SA posted a rise in full-year sales as the continued popularity of its Cartier brand made the Swiss group more resilient than rivals like LVMH in a softening luxury-goods market.
Sales in the year ended March at Richemont’s jewellery unit, which also includes Van Cleef & Arpels, rose 8 percent at constant exchange rates, the company said in a statement Friday. Analysts were expecting a gain of 7.54 percent. In the most-recent quarter, the division’s revenue soared 11 percent.
