• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
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 106.25
Change 0.28
% Change 0.00
Cumulative volume 2742832
Market cap 554.63bn

Last Updated: 24/04/2014 at 04:29. 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

 
 
 

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.
 
 

Police allowed to become brutal - DA lawyer

A DA election advert depicts how the government has allowed the police to become brutal, Icasa's complaints and compliance committee has heard.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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