Richemont shares tumble the most in 22 years due to ‘unsettled’ conditions
20 May 2022 - 14:09
UPDATED 22 May 2022 - 18:35
Richemont’s share price closed 12.87% lower, its biggest drop in more than 22 years, on Friday as it missed analyst profit expectations and chair Johann Rupert warned that the company was facing a global environment that was the “most unsettled we have experienced for a number of years”.
This comes as countries battle high inflation globally, Covid-19 lockdowns in China, and the continued war in Ukraine...
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