Richemont, the world's second biggest luxury goods group, said it had no plans for further acquisitions, in spite of amassing sharply rising levels of cash on the back of soaring demand for its Cartier jewellery and Montblanc pens.
Financial Time - 12 November 2010
Haig Simonian
The group declined to comment on market speculation that it was either already invested in Hermès or intending to build a stake. The French luxury goods group has come into focus after LVMH revealed it had bought a 17 per cent stake..... Read more
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