By  on May 27, 2010

LONDON — Compagnie Financière Richemont SA is hunkering down — tightening operations, controlling costs and investing in future opportunities — in anticipation of better times ahead.

Richemont, parent of brands including Cartier, Van Cleef & Arpels, Dunhill, Montblanc, IWC and Chloé, saw sales and profits fall in the year ended March 31, but the company is looking forward to a bright future for luxury goods.

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