We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Richemont shares plunged the most in more than two years on Friday after the Cartier owner said Chinese demand will be slower to recover than expected, clouding prospects for a market that has fuelled the luxury industry’s recent growth.

The Swiss watch and jewellery maker suffered a financial hit in Russia, failed to strike a deal for its online sales unit and forecast rocky times ahead, particularly in China. The stock fell as much as 14%, having lost almost a third of its value this year...

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