Richemont shares sparkle as Jewellery Maisons dazzle

Richemont shares soared to the highest since February despite the luxury goods retailer reporting an interim loss after writing down the value of its loss-making online retailer YOOX Net-a-Porter (YNAP).

The stock gained as much as 21% before ending Friday’s session 12.83% higher at R214.33 as investors focused on the group’s sales, which jumped almost a quarter in the six months ended September to €9.68bn (R172.8bn), boosted by strong growth in the Asia-Pacific region. ..

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