Richemont considers splitting off luxury goods
As the result of impending changes in the legal environment in Luxembourg where Richemont SA, a subsidiary of Compagnie Financière Richemont SA and the co-issuer of Richemont units, is based, Switzerland-based luxury goods and tobacco group Compagnie Financière Richemont SA, is considering restructuring its business and splitting its luxury goods operations from its other interests, including its interest in British American Tobacco plc (BAT).