(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Richemont signaled it’s inclined to look after its own business rather than starting a bidding war against rival LVMH for jeweler Tiffany & Co. And the latest numbers show the Swiss watch and luxury company has some work to do.The Cartier owner’s shares fell as much as 5.6% Friday after it reported weaker-than-expected earnings and a slowdown in second-quarter revenue, hit by Hong Kong protests and investments in e-commerce.That contrasts with accelerating sales growth at LVMH and Hermes. Richemont risks being overshadowed …read more
Source:: Yahoo Finance
