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Verdict research is urging Richemont and other luxury goods companies expanding in the Asia-Pacific market not to loose sight of the European watch and jewellery market

Verdict forecasts Richemont sales will pass €6bn mark in 2011

Market research company Verdict has forecast that sales at Swiss luxury goods group Richemont will surpass the €6bn (£5bn) mark next year, but warned the company must “not lose sight” of the European market as it builds its presence in Asia.