Richemont's leadership changes pave the way for future growth

COMPAGNIE Financiere Richemont is well positioned for its next phase of development following the installation of a renewed leadership team and governance structure and completion of several management transitions in several Maisons in the past year.

- EDWARD WEST

This was according to well-known South African businessman and chairman of the group Johann Rupert, who was commenting at the end of the JSE-listed and Switzerland-based owner of several of the world's leading luxury jewellery and accessories brands' 2025 financial year to March 31.

The share price soared 7.2% to R3574.52 on the JSE on Friday after the results were released that showed full-year profit fell 1% to €3.76 billion, while the dividend per share was raised 9% to 3 CHF (Swiss francs) per A share/10 B shares, from 2.75 CHF the previous year. A year ago, the share price was R2893.32.