First Eagle Comments on Richemont

Guru stock highlight

Author's Avatar
Jul 27, 2021
Summary
  • The stock was a top contributor.

Richemont (XSWX:CFR, Financial), which counts Cartier and Van Cleef & Arpels among its maisons, has continued to benefit from strong demand for luxury goods and jewelry in particular. The Swiss company has also made notable strides in developing an e -commerce platform in partnership with Alibaba and Farfetch, which is expected to give it enhanced access to the growing Chinese luxury market.

From the First Eagle Investment (Trades, Portfolio) Overseas Fund's second-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure