Richemont: Luxury you can’t afford … to ignore
Richemont looks ever more promising as the rand shows increasing signs of brittleness, writes Marc Hasenfuss
25 May 2023 - 08:00
Richemont, the luxury brands conglomerate with a strong South African connection, now looms even larger in investors’ minds with the rand showing worrying signs of brittleness.
While the usual mining heavyweight stocks — BHP Billiton, Anglo American, Glencore, South32, AngloGold and Sibanye — carry cyclical risk, Richemont conveniently offers both growth and defensive properties...
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