The sales success of Swiss watch and jewelry brand Cartier during the holiday season unexpectedly boosted owner Richemond’s turnover and sent European luxury goods stocks rallying.
Richemont’s Zurich-listed shares rose 16.36% to 161.8 Swiss francs, an all-time high. Following the example of Richemont, LVMH rose 9.15%, Christian Dior 8.59%, Kering 6.18% and Hermes International 4.91% in Paris. Burberry rose 4.05% in London and Hong Kong-listed Italian company Prada rose 4.3%.
Source: www.aripaev.ee
