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Richemont: BlackRock strengthens its position above 3%.

(CercleFinance.com) - The American fund management company BlackRock has increased its stake in the Swiss luxury goods group Richemont, according to a financial notice published on Thursday.


Following a share acquisition, BlackRock now holds 3.018% of voting rights.

The increased stake was acquired on Thursday, January 16, the same day that Richemont reported record quarterly sales, sending the company up 16% on the stock market.

BlackRock adds that its short position on the stock, in the form of CFDs (contracts for difference), is limited to 0.051%.

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