Richemont's Watch Business Looks Shaky -- Market Talk

Dow Jones01-16

1009 GMT - Despite a strong end to last year, Richemont's exposure to watches as a category remains a source of some concern, Berenberg analysts write in a note to investors. The Swiss luxury-goods group beat expectations for fiscal third-quarter revenue, according to an update this week, as its core jewelry business shone. But the group's watchmaking division, despite building some momentum, remains a structurally weaker segment, Berenberg notes. "With demand normalizing towards core collections as the post-Covid-19 speculative bubble unwinds, watches remains our least preferred luxury segment," the German bank says. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

January 16, 2026 05:09 ET (10:09 GMT)

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