Cartier-owner Richemont says China sales tumble 27%
![Cartier-owner Richemont says China sales tumble 27%](https://cdn.legit.ng/images/1120/209fc213d9afae75.jpeg?v=1)
Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms. China has become a key market for luxury firms in recent years thanks not only to its rising ranks of millionaires but also the swelling middle class.