• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Richemont up as Swatch keeps target

Jul 18 2012 10:54 Reuters

Company Data

COMPAGNIE FINANCIERE RICHEMONT SA [JSE:CFR]

Last traded 0
Change 1,1
% Change 0
Cumulative volume 2935173
Market cap 502.95bn

Last Updated: 30-01-2015 at 04:41. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Richemont appoints new Cartier head

Richemont first-half sales jump 29%

Asian luxury demand lifts Richemont sales

Richemont jumps on sales update

Swiss franc to hammer Richemont profits

SA stocks up as Richemont glitters

 

Johannesburg - Shares of luxury goods maker Richemont [JSE:CFR] rose after Swiss watchmaker Swatch maintains 2012 sales target despite concerns about cooling Chinese demand.

At 08:20 GMT, Richemont top gainer among Johannesburg blue chips, adding over 3% to R43.65. Its gains were in tandem with those of Swatch in Switzerland.

Swatch's chief executive Nick Hayek backed his 2012 sales target of 8 billion Swiss francs ($8.1bn) and downplayed concern Chinese demand for luxury watches may be cooling in a newspaper interview published late on Tuesday.

Worries persist that Chinese demand for the highest-priced segment of luxury goods, such as watches, will hit Swatch and rival Richemont.

 
richemont

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

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

Money Clinic

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