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Finance

World news about “Finance” published by euronews.

22/05 17:12 CET

Cartier parent company, Richemont squeezed by Swiss Franc revaluation

Cartier parent company, Richemont squeezed by Swiss Franc revaluation

Switzerland's revaluation of the franc cost luxury goods maker Richemont 636 million euros last year. The Geneva-based group saw its profits slashed by 35 percent. The world's second largest luxury group which owns top global brands like Cartier, Piaget and IWC warned that its…