Data provided by McGregor BFA
All data is delayed
Loading...
See More

Richemont down as Swiss exports drop

Oct 18 2012 10:28 Reuters

Related Articles

Richemont acquires VVSA

Richemont shares drop nearly 5%

Richemont lifts 5-month sales 23%

Richemont forecasts rise in H1 profit

Richemont up as Swatch keeps target

Richemont to acquire Peter Millar

 

Johannesburg - Shares of luxury goods retailer Richemont [JSE:CFR] fell as data showed Swiss watch exports dropped for the first time in two-and-a-half years in September, hit by slowing Chinese demand.

Strong Asian demand for luxury watches had helped companies such as Swatch Group and Richemont sail relatively unscathed through the economic turmoil. However, Swiss exports to China fell by 16.3% in September.

Richemont shares are down 3.8% at R55.60, making it the worst performing share on the Top 40 - (Tradeable) [JSE:J200] index which has shed 0.4% so far this morning.


richemont
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

DA chatting up EFF ahead of elections

The DA in Gauteng is flirting with the Economic Freedom Fighters ahead of the elections, in what could end up as a coalition of strange bedfellows.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...