1202 GMT - Richemont could face pressure, but its brands continue to shine, UBS analysts write in a note. Due to the export-driven nature of the luxury-goods industry, the recent strengthening of the euro as well as looming risk of tariffs in the U.S. constitute a risk across the sector, they say. The Swiss luxury group, which owns Cartier and Van Cleef & Arpels among other brands, will also face the pressure of higher gold prices, they say. This might only be partially mitigated by higher prices, the analysts add. Despite these headwinds, the jewelry category remains attractive, UBS says. "We see no signs of a slowdown of the solid momentum of its leading brands," the analysts write. Shares are up 0.1% at 144.95 Swiss francs. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 08:02 ET (12:02 GMT)
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