Cartier owner Richemont reports 1% dip in Q3 sales

ZURICH (Reuters) – Cartier jewellery owner Richemont (SIX:) reported on Friday a 1% dip in sales during the three months to the end of September, the latest luxury company to report tougher conditions as China weakened.

The company, which also owns a string of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget, said sales fell 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly ahead of analyst forecasts for 4.78 billion euros in a consensus cited by HSBC.

($1 = 0.9275 euros)