Yen weakness finally subdues luxury splurge at Cartier-owner Richemont

cnbc.com/2025/07/16/yen-weakness-finally-subdues-luxury-splurge-at-cartier-owner-richemont.html

A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont.
The Swiss luxury group's Japan sales declined 15% year-on-year at constant exchange rates in the fiscal first quarter, it said Wednesday in its fiscal…

This story appeared on cnbc.com, 2025-07-16 07:36:24.
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