Richemont takes 5% stake in Dufry

Luxury goods group Richemont has taken a 5% stake in travel-retail operator Dufry

Swiss luxury goods group Richemont has confirmed that it has acquired a 5% stake in travel-retail operator Dufry.

Last month, Chinese conglomerate HNA Group took a 16.79% stake in Dufry.

Dufry’s sales increased 27.5% to CHF7.83bn ($7.8bn) in 2016.

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