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Richemont Completes Lancel Sale to Piquadro

The divestment sheds a business that has been holding the Swiss luxury-goods maker back its growth in fashion and accessories.
Lancel Paris | Source: Courtesy
By
  • Bloomberg

Richemont completed the sale on June 2 and the transaction won’t materially impact the company’s balance sheet or cash flow, Richemont said in a statement Monday, without disclosing financial details.

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