Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Richemont chairman takes five as firm coasts on success Add to ...

Subscribers Only

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

One wonders whether Johann Rupert will go backpacking around Southeast Asia, attend a full moon party and get a tattoo on the gap year he is planning to take away from the Swiss luxury goods group that he chairs. At 62 years old, it is unlikely. But he has surely earned his break for helping to grow Richemont’s shares by 1,800 per cent since the company he founded listed in Switzerland in 1990 (five times more than the Swiss market index). Shares in the luxury group rose another 8 per cent on Thursday when it announced it had met its 30 per cent profit growth target for its full year which ended in March.

Report Typo/Error
 
  • Tiffany & Co
    $81.30
    -1.21
    (-1.47%)
  • Coach Inc
    $36.23
    -0.05
    (-0.14%)
  • Updated December 2 4:02 PM EST. Delayed by at least 15 minutes.

More Related to this Story

Topics

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular