ZURICH Jan 21 Luxury goods group Richemont
, maker of Cartier jewellery, gave a cautious outlook on
Monday after slowing wholesale demand for its pricey products
pushed third-quarter sales growth below forecasts.
Sales rose 5 percent at constant exchange rates between
October and December to 2.862 billion euros, missing forecasts
for a 7.6 percent rise in a Reuters poll as the previously
booming Asia-Pacific region reported no growth.
"At this stage, it is unclear how business patterns may
develop and how the business in the Asia Pacific region will
evolve in the near future," Richemont said in a statement.
(Reporting by Emma Thomasson)