Richemont rallies the most in three years on Cartier jewellery and IWC watches sales
Surge is a relief to investors after a first half marred by protests and store closures in Hong Kong
19 January 2020 - 19:03
Shares in Johann Rupert’s Richemont rallied the most in three years as strong appetite for Cartier jewellery and IWC watches during the holiday season signalled consumers still want to splurge on luxurious bling.
The improvement comes as a relief to investors after a first half that was marred by protests and store closures in Hong Kong and contracting profitability in the jewellery business. The shares gained as much as 5.7%...
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