Richemont hit by Hong Kong protests, online distributor losses
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ZURICH (Reuters) - Shares in luxury goods group Richemont fell over 5% on Friday after it said political protests in Hong Kong weighed on first half sales and reported higher than expected losses at recently-acquired online distributors. The maker of Cartier jewellery had been benefiting from its fast-growing jewellery business, but a slight slowdown in the division, weak watch sales and operating losses at online distributors Yoox Net-a-Porter and Watchfinder worried investors.Watch sales have..