Luxury Goods Fears Are An Opportunity for Richemont Investors

Fears of stagnation in China, a main driver of the luxury goods markets, have hurt Richemont but the group offers more value than investors may realise. 

Jelena Sokolova 5 June, 2019 | 9:06AM

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Shares in luxury goods group Richemont (CFR) are down around 20% over the past 18 months, but Morningstar analysts say the poor sentiment is unjustified. Richemont is the company behind a suite of well-known luxury brands including Cartier and Mont Blanc and online retailer Net-a-Porter. 

Shares in the firm have dropped from around 92 Swiss Francs a year ago to 74 Swiss Frances today, and Morningstar analysts say that is an excellent opportunity to buy one of the strongest players in the market. 

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Jelena Sokolova  is an equity analyst for Morningstar

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