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In a recent report by Bloomberg, it was stated that Swatch Group’s stock performance this year “outshone” its counterpart Compagnie Financière Richemont SA Up to 23 May, Swatch’s stock prices had jumped 22%, as compared to Richemont’s modest gain of 3.7%. While both of them are in the same industry, the difference in performance is slightly staggering For comparison purpose, LVMH Moët Hennessy Louis Vuitton SE – or more commonly known simply as LVMH – gained approximately 273% in the same period.
It is fair to say that the watch and luxury goods industry is doing fairly well in the current economic climate. There are several reasons that attribute to the disparity While the Swatch Group is gaining market share in the watch industry, Richemont is finding ways to rationalise wholesale channels and control inventory We will be looking in-depth into the reasons behind some of the price action this year Richemont’s Inventory Buyback In. More
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