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Richemont's Record Year Can't Shake Its China Risk
Richemont's record year brought €22.4bn in sales and a 27% profit jump, yet a slowing China and rival Laopu Gold remain Johann Rupert's biggest risk.
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riotimesonline.com
Richemont's Record Year Can't Shake Its China Risk
Richemont's record year brought €22.4bn in sales and a 27% profit jump, yet a slowing China and rival Laopu Gold remain Johann Rupert's biggest risk.
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africa.businessinsider.com
Johann Rupert’s Richemont just posted record profits but China’s growing love for local luxury brands is a looming threat
Richemont, owner of Cartier and Van Cleef & Arpels, posted record sales and profits, but China’s changing luxury market could become the biggest challenge facing Johann Rupert’s…