Trade of the Month: British American Tobacco vs Richemont
Which one of these is worth going to BAT for?
26 August 2021 - 08:00
Cigarette giant British American Tobacco (BAT) and luxury brands colossus Richemont have an old connection.
Until 2008, Rothmans International was two-thirds owned by Richemont and corporate cousin Remgro (Rembrandt) — both controlled by the Rupert dynasty. Rothmans’ strong and reliable cash flows helped Richemont build the luxury goods brands it has today...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.