HSBC upgrades Richemont to “buy” on stronger Jewellery Maisons growth By Investing.com
Update: 2025-11-03
Description
HSBC upgrades Richemont to 'buy', citing strong growth in jewellery brands like Cartier and Van Cleef & Arpels. Analysts predict 12.8% organic growth, driven by Asia, particularly China. Richemont's CEO, Nicolas Bos, is credited for the company's momentum. However, risks remain, including a strong Swiss franc and uncertain consumer spending. Earnings are expected to steadily climb, with potential for growth in Richemont's stock.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
