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Cartier-owner Richemont posted a 14 percent rise in organic sales on Friday, exceeding analyst forecasts as the luxury group said it had navigated “unprecedented” headwinds marked by currency movements, rising gold prices and US tariffs.
The quarterly sales rise at constant exchange rates in the July to September period topped estimates of 7 percent organic growth in a Visible Alpha poll of analysts. Growth at real exchange rates was a lower 8 percent, hit by the weaker dollar.
