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Richemont Sales Growth Slows Down on U.S. and Japan (Update3) 

Cie. Financiere Richemont SA, the world's largest jewelry maker, said third-quarter sales growth slowed after wealthy Americans and Japanese bought fewer Cartier necklaces and Piaget watches. . . .

Richemont said it will update investors on plans for its 19.3 percent stake in British American Tobacco Plc, the London- based maker of Lucky Strike cigarettes, at a later date. The holding is worth about 7 billion pounds ($13.7 billion) at the stock's current price. The luxury-goods maker said in November it would consider spinning off the stake.

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