Cartier owner Richemont reports 1% dip in Q3 sales
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ZURICH, Nov 8 (Reuters) -Cartier jewellery owner Richemont CFR.S 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)
Reporting by John Revill, Editing by Friederike Heine
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