Away They Go: Richemont Takes 5% Stake in Dufry

LONDON – Johann Rupert has put his money where his mouth is, taking a 5 percent stake in Dufry just days after predicting the growing importance of travel retail.

During a call to discuss fiscal 2016-17 last Friday, the Compagnie Financière Richemont boss said long-term luxury consumption trends will increasingly be about travel.