Time­pieces fly as Cartier owner re­ports profit rise

The Daily Telegraph - - Business -

Sales at Cartier owner Richemont jumped 10pc to €5.6bn (£4.96bn) in the six months to Septem­ber 30, pro­pel­ling op­er­at­ing profit 46pc higher year on year. It said it achieved dou­ble digit sales growth in the UK. This fol­lows an ear­lier warn­ing from the group that its sales were be­ing hurt by the rise of Ap­ple Watch.

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