By and  on June 4, 2018

LONDON — June is proving one busy month for Compagnie Financière Richemont, which announced Monday that it had sold the leather goods house Lancel to Italy’s Piquadro SpA, an accessories and luggage company. Both companies confirmed earlier this year that a sale was in the works.

In a brief statement, Richemont said the sale would have no material impact on its balance sheet, cash flow or results for the year ending March 31.

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