Browsing: Wines & spirits

Are companies in this space worth the investment?

There will always be opportunities in chaos. True to form this statement proves to be correct more times than most especially during this coronavirus pandemic induced crisis.

Most companies have had to cut or suspend dividend payments to shareholders to maintain sufficient cash buffers against a very uncertain future. Such moves are prudent and well-advised.

Read: Digital opportunities for East African countries in 2019

Then there are other companies that made out like bandits because of the crisis. They have successfully weathered the pandemic with minimal damage to their finances. Richemont is one such company.

A brief history

The beginning 1988

The company was founded by South African Afrikaner business magnate Anton Rupert through the spin-off of the international assets owned by the Rembrandt Group Limited of South Africa which is now known as Remgro Limited.

Rembrandt itself was established by Dr …