On shares plunge as US slowdown hits quarterly sales

On Holding shares tumbled after the brand missed second-quarter sales expectations as growth slowed in its key Americas market.
Shares in the Roger Federer-backed brand plunged as much as 22 per cent on Tuesday, putting the stock on course for its worst day on record, after quarterly sales came in below analyst forecasts.
On posted net sales of CHF850.3m (£813m) for the three months to 30 June, up 13.5 per cent year on year, or 21.6 per cent on a constant-currency basis. However, the figur