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Home›ETFs & Funds›Fund Industry›Luxury stocks rise after Richemont reports 20% sales g…

Luxury stocks rise after Richemont reports 20% sales growth

Richemont, the owner of Cartier, posted a 20% year-on-year sales increase, lifting sentiment for luxury investors.

Reported · Written up by our desk · Fund Industry

Luxury stocks moved higher after Richemont reported a 20% year-on-year increase in sales, a development that helped support the sector, according to MarketWatch.

MarketWatch also noted that analysts continue to flag the importance of China for the broader luxury market, even after the company’s sales beat helped drive the near-term rally.

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Sources

MarketWatchLuxury stocks rally on Richemont sales beat , but the sector still needs China, says analyst
MarketWatchLuxury stocks rally on Richemont sales beat , but the sector still needs China, says analyst

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