Johann Rupert, who controls Swiss luxury goods group Richemont, has warned that prices for second-hand, high-end watches are distorting prices in the market.
Rupert was addressing analysts after the release of the group’s annual year results, which saw its operating profit surge 34% to €5bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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