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The world famous luxury goods group Richemont announced on the 13th of 2009-2010 fiscal year results reported in the first half of the show,which owns Cartier,Vacheron Constantin,Piaget,and many other jewelry and watches of well-known brands of the world's second largest luxuryCommodities Group profitability declined significantly,nearly forty percent lower year
, on year net income.
reports that the economic crisis hit the luxury market,the group in their traditional territories in Europe,Japan and the United States overall decline in sales,the only bright spot is the Asia-Pacific region.Half of the fiscal year the company sold a 15% reduction,profit fell 39 percent and net income of 390 million euros.
Faced with the rapid decline in
, the performance of the situation,Richemont Group founder Rupert sacked the current CEO,personally.Rupert
cartier love necklace, said that although the company is aware of the arrival of the crisis last year,took a narrow store size,reducing goods production,such as "downsizing action" been unable to effectively prevent the decline.He acknowledged that luxury bottomed still take quite a long time,and he has plenty of mental
