LONDON — The supersized Swiss franc is set to take a bite out of Compagnie Financière Richemont’s net profits in the first half, despite sales gains of 29 percent...
September 6, 2011
Strong Swiss Franc to Adversely Affect Richemont Profits
The currency — which has appreciated nearly 12.7 percent against the euro over the past year — will put negative pressure on margins.
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