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Morgan Stanley lifts Richemont stock to Overweight, target to CHF200
The new price target of CHF 200.00 implies that Richemont shares are trading at a price-to-earnings (P/E) ratio of 26.2x. Morgan Stanley's analysts consider this valuation to be reasonable, given ...
Jérôme Lambert took an unlikely career step down from Richemont CEO to leading one of its 29 brands. He said he just wanted to return to ‘the job I love’
Jérôme Lambert went from being Richemont Group’s CEO to its COO, and then CEO of its Jaeger-LeCoultre maison—all in a span of ...
Jérôme Lambert: ‘The industry is less technical and in-depth, but more diverse than before’
Former Richemont CEO on the challenges and opportunities of taking the helm — for the second time — at watchmaker Jaeger-LeCoultre ...
WATCHPRO1d
Prices continue to fall on the secondary market as Swatch Group hits new watch buyers with a 10% hike
Prices for luxury watches on the secondary market have extended their losing streak to three full years, according to the latest quarterly update from Morgan Stanley and Watcharts. The report ...