Richemont's Jewelry Resilience Looks Set to Continue -- Market Talk

Dow Jones12-04

1705 GMT - Cartier owner Richemont has gone through a significant evolution of its business model in recent years and now benefits from its unique exposure to the leading brands in jewelry, UBS analysts say in a research note. The Swiss group's core jewelry maisons division--home to its largest brands Cartier and Van Cleef & Arpels--should see sales growth of 7% in fiscal 2026, above its peers in the luxury sector, they say. This will be driven by robust momentum in jewelry and further pricing opportunities, UBS says. Shares closed 1.4% higher at 127.65 Swiss francs. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

December 03, 2024 12:05 ET (17:05 GMT)

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