Welcome Q3 sales surprise confirms our confidence in the group's outlook
Richemont's 8% Q3 sales increase was slightly above market expectations and reassured investors after last week's profit warning from Burberry. Momentum remained healthy with the European cluster and accelerated with US clientele over the period, while the double-digit exit rate was another positiv
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.
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