Richemont stock hits record high as jewellery sales grow
Luxury retailer doubles annual dividend as sales make a comeback on Chinese demand
21 May 2021 - 18:35
UPDATED 21 May 2021 - 19:23
The stock of Johan Rupert’s luxury group Richemont rose to a record high on Friday, as it doubled its annual dividend after a strong recovery in the fourth quarter to end-March.
The share price of the company — that specialises in high-end jewellery, perfume, watches and fashion — hit an intraday best level of R157.01 on Friday, eventually closing 4.76% firmer at a record R154.17...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now