Richemont’s value rockets more than R280bn so far in 2024
Luxury goods group’s market cap rises to R1.664-trillion as uptick in key market China boosts shopping demand
11 June 2024 - 05:00
Johann Rupert-controlled luxury goods maker Richemont has added about R282bn in value since the beginning of the year after a surge in its share price due to increased shopping demand, which was boosted by an uptick in its key market, China.
The Swiss-based company has seen its share price rise more than 20% in 2024, raising its market cap to R1.664-trillion...
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