Swiss Market Index Shines on Richemont Earnings Boost
Swiss equities advanced on the final trading day of the week after Compagnie Financière Richemont's (CFR.SW) upbeat corporate earnings report boosted investor sentiment. Bucking the trend in Europe a
Richemont's Specialist Watchmakers Business Shows Resilience -- Market Talk
1343 GMT - Richemont's specialist watchmakers division seems strong against the current environment in the luxury industry, Barclays analysts write in a note to clients. The Swiss luxury group's watch
Cartier Owner Richemont Hits Record Fiscal 2024 Sales
Compagnie Financiere Richemont's (CFR.SW, CFR.JO) shares were up nearly 6% on Friday afternoon as it reported an all-time high sales figure with its bumper earnings report for the fiscal year ended Ma
Richemont Seems a Strong, Balanced Business -- Market Talk
1118 GMT - Richemont looks set to benefit from new growth opportunities in jewelry, and its watch business seems stronger, Citi analysts Thomas Chauvet and Lorenzo Bracco say in a note to clients. In
Lifeng Group's sales declined in the first quarter, and a new CEO was appointed
Richemont Group (Richemont) announced on Friday that sales for the fourth fiscal quarter fell 1%, confirming the slowdown in the luxury goods industry.
Richemont: Bos Is Currently CEO of Van Cleef & Arpels
Richemont: Bos Is Currently CEO of Van Cleef & Arpels
Richemont Names Bram Schot as Non-executive Deputy Chairman of the Board Effective Sep. 11
Richemont Names Bram Schot as Non-executive Deputy Chairman of the Board Effective Sep. 11
Richemont Appoints Nicolas Bos to the Re-Established Role of CEO, Effective June 1
Richemont Appoints Nicolas Bos to the Re-Established Role of CEO, Effective June 1
Richemont Proposes Dividend of CHF2.75 an A Share
Richemont Proposes Dividend of CHF2.75 an A Share
Richemont FY24 Oper Margin 23.3%
Richemont FY24 Oper Margin 23.3%
Richemont FY24 Sales EUR20.62B
Richemont FY24 Sales EUR20.62B
Analysts Had Seen Richemont FY24 Sales at EUR20.56B
Analysts Had Seen Richemont FY24 Sales at EUR20.56B
What to Expect in the Week Ahead (HD, BABA, and WMT Earnings; CPI data and Powell speaks)
Statements from Fed officials will continue to sway markets, with multiple officials scheduled to speak next week, particularly those after the April CPI data is released.
Luxury Sector Is Entering a Period of Slower Sales Growth -- Market Talk
1042 GMT - The luxury sector tends to follow its own cycles, but it seems to be entering a period of more normalized growth, UBS analysts say. "There is no doubt that the luxury goods industry offers
Richemont's Acquisition of Vhernier Seen as Positive -- Market Talk
0923 GMT - Richemont's agreement to acquire the Italian jewelry house Vhernier seems a step in the right direction, Barclays analysts say in a research note. The Swiss luxury group didn't disclose fin
Richemont: Agreement Is for a Private Transaction
Richemont: Agreement Is for a Private Transaction
Richemont: Agreement Is to Acquire 100% of the Italian Jewellery Company
Richemont: Agreement Is to Acquire 100% of the Italian Jewellery Company
Richemont to Buy Vhernier
Richemont to Buy Vhernier
Richemont Expected to See Positive Trends in China -- Market Talk
1619 GMT - Richemont looks set to benefit from good momentum in jewelry among Chinese consumers, Barclays analysts write in a research note, citing data from a survey conducted in partnership with Vog
Turnaround Stories in Luxury Face Higher Risks Amid Sales Slowdown -- Market Talk
0950 GMT - Luxury companies in the midst of a turnaround process face higher risks than other peers in the sector, given the context of sluggish demand for the first half of the year, Stifel analysts
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