Sales at Richemont, Johann Rupert’s luxury goods company, were above pre-pandemic levels in its first quarter to end-June, more than doubling year on year due to strong demand in most of its markets.

Annualised sales surged 129% to €4.4bn (R75.5bn) at constant-exchange rates in the three months to end-June, with only Europe and Japan failing to recover to above pre-pandemic levels as Covid-19 hits tourist numbers...

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