MARC HASENFUSS: In the luxurious realm of the cash king
Richemont’s Rupert talks about investing in China (but not now) as he considers where to put some of the group’s R167bn pile (or maybe just keep it)
22 May 2025 - 05:00
Cash is king. Everyone knows that. Then, there’s Richemont ... sitting at another level, with a right royal heap of cash on its balance sheet. The luxury brands conglomerate controlled by the Rupert family finished its financial year to end-March with more than €8bn of net cash. That’s a whopping R167bn — enough to acquire all of Harmony Gold (at the current market price) if Richemont ever wanted to move “upstream” in the luxury
business...
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.