Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg
Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg

Richemont misses forecast as China's austerity drive hurts sales

Richemont misses sales forecast for quarter as wholesale channels in Asia remain cautious

Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg
Watch assembly at Richemont's IWC factory in Switzerland. Weaker demand in Asia-Pacific slowed fourth-quarter sales. Photo: Bloomberg
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