Report
Loic Morvan

Richemont benefiting from rising demand for jewellery

We lift our FY24 and FY25 estimates by 11% to reflect i/ the strong FY23 performance, and ii/ higher growth prospects for FY24 with 1) a gradual recovery in luxury spending by Chinese clientele as they travel outside of Asia, and 2) the superior brand desirability of Richemont's Jewellery Maisons (
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Loic Morvan

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