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the future ?

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Super Contributor
A la Investec Wealth & management: "ItÂ’s worth pointing out that Richemont today is far more focused on the emerging market consumer than it is on the developed market one".
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8 REPLIES 8
Super Contributor
What they really mean is that they targeting the black market.....
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Super Contributor
Chinese, I reckon. It'll take a while for the black market to move the needle for Richemont, despite its magpie-like enthusiasm for shiny things.
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Super Contributor
Fell out of a falling wedge a few days ago-just coming back to test resistance.I wouldn't get too excited just yet.
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Super Contributor
no i meant the black market!
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Regular Contributor
Rams so you mean I can find Richemont in the Pirates streets of Joburg or Lagos
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Super Contributor
Read Rupert's comments - they will concentrate on selected outlets - eg airports - to market to their customer. Forget labels like "emerging" - its not a good description of their market as it always implies entry level stuff. The people who buy their kit are high income earners and unlike the general white westerner who is clueless the Chinese and SEA and African customer for their stuff is sophisticated. They are not taking risks.
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Super Contributor
India...that's where the market is.....but all this may just be an inferiority complex. black man wearing Choo and white man bare feet, who gets a better greeting?
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Super Contributor
CFR up 3% today.....seems Madame Zuma is upgrading?
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