“We’ve seen the squeeze”. This simple statement by Richemont chairman Johann Rupert (regarding consumption) not only certified the grip of inflation on luxury, but depressed the stock market. Which lost USD 25 billion in a single day. Rupert (pictured, from the Swiss group’s website) said that inflation was denting demand across Europe. The market was…
Rupert has “seen the squeeze” (and luxury lost us 25bn)
