Richemont (CFRUY) shares crashed 7% on Friday after it shocked investors with poor sales in Asia and the loss of a key executive.
The owner of brands including Cartier, Piaget and Chloe said global sales grew by just 3% in the six months to September, as sales in Asia plunged 17%. Profits for the period also came in below expectations.
Asia slowdown slams luxury brands - Nov. 6, 2015
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