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DPA Translated by
Barbara Santamaria Published
November 13,长沙U币快捷支付 2025
Luxury group Richemont has strengthened its ties with travel retailer Dufry. The luxury giant has upped its stake in Dufry to 7.5%, Richemont CFO Burkhard Grund announced on Friday in a conference call.
Richemont first invested in Dufry, the world’s largest travel retailer, in May when it announced it had acquired a 5% stake. The company made the purchase through its UK-based subsidiary Richemont Luxury Group Limited, which is located in Jersey. In September, Richemont chairman Johan Rupert commented on decision at the annual general meeting, speaking about Dufry as a “strategic investment”.
Richemont owns several luxury brands with major interests in Chloé, Alaïa, Alfred Dunhill, Lancel, Shanghai Tang, Montblanc, Baume & Mercier, Cartier, Piaget and Vacheron Constantin.