Tif­fany shares up as lux­ury slump abates

China Daily (Hong Kong) - - BUSINESS -

Tif­fany & Co rose the most in more than three months af­ter im­prov­ing sales in China and Ja­pan sig­naled that the worst of the global lux­ury mar­ket’s down­turn may be over. Bet­ter-than-ex­pected earn­ings fol­lowed up­beat re­ports from LVMH and Ker­ing SA, the owner of Gucci. Not ev­ery­one in the in­dus­try was op­ti­mistic, how­ever. Richemont, maker of Cartier jew­elry, re­ported a 51 per-

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