Watch sales stall at Richemont as Hong Kong protests bite
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PARIS (Reuters) - Strong demand in mainland China helped Cartier-owner Richemont offset a weaker performance elsewhere in its first quarter, as protests in Hong Kong hit sales, revenues fell in Europe and its watch business faltered. The group relies on jewellery for the bulk of sales, with brands that also include Van Cleef & Arpels, and strong momentum in this sector has persuaded rivals, including Kering's Gucci, to branch into high-end gems. But Geneva-based Richemont is also a major..