If the Choo fits: Richemont looks to China to grow
Link-up with Alibaba part of transformation to ensure prosperity 'in a more connected world'
Global luxury goods retailer Richemont continues to bet on a “more connected world” with a clear strategy to target online Chinese customers, after initially delaying combining e-commerce and luxury retail.
The Swiss-based high-end retailer led by Johan Rupert released interim results for the six months to end-September on Friday.
Group sales rose 9% to €7.39bn (R120bn), less than the €7.46bn expected by analysts polled by Bloomberg. ..