Richemont traded at 161.45 this Friday October 23rd, decreasing 11.00 or 6.38 percent since the previous trading session. Looking back, over the last four weeks, Richemont lost 5.36 percent. Over the last 12 months, its price rose by 0.62 percent. Looking ahead, we forecast Richemont to be priced at 172.54 by the end of this quarter and at 162.30 in one year, according to Trading Economics global macro models projections and analysts expectations.
Compagnie Financiere Richemont SA (Richemont) is a Switzerland-based jewelry company. The Company's segments include Jewellery Maisons and Specialist Watchmakers. The Jewellery Maisons segment includes businesses, which are engaged in the design, manufacture and distribution of jewelry products. The businesses include Cartier, Van Cleef & Arpels and Giampiero Bodino. Its Specialist Watchmakers segment includes businesses whose primary activity includes the design, manufacture and distribution of precision timepieces. The businesses in the Watchmakers segment include Piaget, A. Lange & Sohne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier and Roger Dubuis. The Company's other operating segments include Montblanc, Alfred Dunhill, Chloe, Purdey, Shanghai Tang, Peter Millar, investment property companies and other manufacturing entities.