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Richemont’s Market Cap Surpasses CHF100 Billion

Shares in the Swiss luxury group have risen for six straight days since it reported better-than-expected sales during the holiday shopping period, buoyed by blockbuster jeweller Cartier.
A Cartier store decorated with Christmas decorations
Demand for Richemont’s jewellery brands, including Cartier and Van Cleef, gave the group a boost over the Christmas period. (Shutterstock)

Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier.

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