Richemont Slides as Chairman Says Global Economy Is ‘Precarious’

Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after Chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position.

The shares declined as much as 3.2 percent to 88.80 Swiss francs, the biggest intraday decline since Sept. 12. The stock was down 3 percent at 88.95 francs as of 1:05 p.m, giving the Geneva-based company a market value of 51.1 billion francs ($56.5 billion).