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Rupert warns of ‘bread riot’ risks

SA tycoon sees inflation, Covid in China and political polarisation as major threats

22 May 2022 - 00:00 By Andy Hoffman

Richemont shares plunged the most in more than two years on Friday after the Cartier owner said Chinese demand will be slower to recover than expected, clouding prospects for a market that has fuelled the luxury industry’s recent growth...

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