LONDON — Investors hoping for a speedy return to luxury sales growth in China will have to take a deep breath — and the long view — especially if they’re buying shares in Compagnie Financière Richemont.
On Monday, as Salon International de la Haute Horlogerie — the biggest luxury watch fair — unfolded in Geneva, the parent of brands including Cartier and IWC said sales in the third quarter climbed 9.3 percent to 2.86 billion euros, or $3.72 billion, boosted partly by favorable exchange rates.
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