Roaring twenties: why Richemont is soaring
Richemont’s iconic brands, like Cartier, are revelling in a post-Covid spending spree. And it’s getting online right
Luxury brands conglomerate Richemont has finished its financial year in far finer fettle than investors might have imagined six months ago.
So much so that its shares have finally punched through a five-year trading range, in which it seemed the stock was perpetually stuck, setting a record high of R159.77 a share...