Richemont shares are at a dizzying all-time high. In the past six months, stock in the Geneva-based luxury group has soared 60 percent to 95 Swiss francs per share, valuing the company at 50 billion euros.
The stock’s rise has been driven in part by speculation about a merger with another entity and by investors’ optimism over the luxury sector’s rebound. It also reflects strong momentum enjoyed by Cartier and Van Cleef & Arpels (VCA) in China and in a resurgent U.S. market.
This article is for subscribers only
True journalism, like goldsmithing and embroidery, relies on expertise. Miss Tweed only focuses on proprietary information and analysis. By subscribing, you support a team of journalists who work only for you. Our mission is to bring you reliable and accurate information on the luxury and fashion industry which, in 40 years, has become one of the pillars of the global economy.
Subscribe Login
