Cie Financiere Richemont SA

Earnings data Q3 2024

Compagnie Financière Richemont SA engages in the design, manufacture, and distribution of luxury goods. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, Online Distributors, and Other. The Jewellery Maisons segment produces jewellery products which include Cartier and Van Cleef & Arpels. The Specialist Watchmakers segment offers precision timepieces, which comprises Piaget, A. Lange & Sohne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier, and Roger Dubuis. The online Distributors segment relates to online sale of luxury goods through YNAP and Watchfinder. The Other segment includes Montblanc, Alfred Dunhill, Chloé, Peter Millar, Azzedine Alaia, investment property companies, and other manufacturing entities. The company was founded by Johann P. Rupert in September 1988 and is headquartered in Bellevue, Switzerland.

Signet Jewelers

Investors with an interest in Retail - Jewelry stocks have likely encountered both Signet (SIG) and Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks is more attractive to value investors?

SIG or CFRUY: Which Is the Better Value Stock Right Now?

Investors with an interest in Retail - Jewelry stocks have likely encountered both Signet (SIG) and Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks presents investors with the better value opportunity right now?

SIG vs. CFRUY: Which Stock Is the Better Value Option?

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Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

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Inflation-pressured consumers tend to cut back on their luxury purchases.  At least, that's what PYMNTS Intelligence data has found.

Richemont's Sales Soar on Strong Demand in China and Japan

Brands that sell to the wealthiest shoppers are a safer bet as spending on designer products slows.

Some Luxury Goods Had a Better Christmas Than Others

Chinese demand has swooped to the rescue of Cartier-owner Richemont, which reported a 25% increase in sales across the mainland, Macau and Hong Kong in a quarterly trading update on Thursday. These surprisingly strong sales come amid a less-than-optimistic time for luxury demand in the crucial Chinese market.

China sales lift Cartier-owner Richemont

Swiss watch seller Compagnie Financière Richemont on Thursday reported a sharp uptick in its revenues in the final three months of 2023, driven by surging jewelry sales in China and Japan which offset a drop in sales in Europe.

Richemont shares surge following boom in Cartier owner's sales to China

Cartier jewellery owner Richemont reported a 4% in sales during its third quarter on Thursday, as the world's second-largest luxury group became the latest company in the sector to post a slowdown in demand.

Luxury group Richemont posts 4% sales increase during Q3

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 18 JANUARY 2024 RICHEMONT REPORTS SALES GROWTH OF 8% FOR ITS THIRD QUARTER AND 11% FOR ITS NINE MONTHS ENDED 31 DECEMBER 2023 AT CONSTANT EXCHANGE RATES Highlights for the quarter ended 31 December 2023 Sales up by 8% at constant exchange rates and by 4% at actual exchange rates to € 5.6 billion, notwithstanding a continued uncertain macro-economic and geopolitical environment Growth across almost all regions, primarily driven by Japan, Asia Pacific and the Americas Channel performance led by retail, up 11% and 6% at constant and actual exchange rates, respectively, with increases across all business areas Growth across most business areas with Jewellery Maisons continuing to generate the strongest performance (+12% and +6% at constant and actual exchange rates, respectively) The Group's net cash position further improved to € 6.8 billion, reflecting solid trading performance and proceeds from exercise of warrants under the 2020 shareholder loyalty programme.

Richemont reports sales growth of 8% for its third quarter and 11% for its nine months ended 31 December 2023 at constant exchange rates

DUBAI, United Arab of Emirates--(BUSINESS WIRE)--Dubai Future Foundation, Richemont invite entrepreneurs to reshape luxury retail through accelerator program.

Dubai Future Foundation, Richemont Invite Entrepreneurs to Reshape Luxury Retail Through Accelerator Program

Cartier-owner Richemont on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch Holdings.

Richemont scraps agreement to sell online retailer YNAP to Farfetch

Farfetch

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 18 DECEMBER 2023 RICHEMONT, FARFETCH AND SYMPHONY GLOBAL TERMINATE AGREEMENTS As a result of the contemplated transaction announced by FARFETCH on 18 December 2023, the arrangements with FARFETCH underpinning the transactions announced in August 2022 cannot complete.

Richemont, FARFETCH and Symphony Global terminate agreements

Kering SA

Hermes International

Luxury group stocks have had a mixed performance in 2023 as concerns about the sector rose. While Hermes (RMS) stock price is hovering near its all-time high, others like LVMH, Kering, and Richemont are crawling back.

Here's why I'm buying LVMH, Hermes, Kering, Richemont stocks

13 DECEMBER 2023 RICHEMONT ANNOUNCES LAURENT MALECAZE AS NEW PRESIDENT & CEO OF CHLOÉ Richemont announces that Riccardo Bellini has decided not to renew his mandate as President and CEO of Chloé – after four years in the role. The decision was made in full collaboration with the Group to allow a proper completion of his mission and a smooth onboarding and start of the new Creative Director.

Richemont announces Laurent Malecaze as new President & CEO of Chloé

Compagnie Financière Richemont reported a discouraging 5.6% revenue growth and significant operating margin contraction in H1-24. The sale of its controlling interest in YNAP is expected to create a more profitable enterprise for Richemont. Richemont is expected to return to its historical growth trend in calendar 2024, making it an attractive investment opportunity trading at a historically low valuation.

Richemont: First Half Results Sent The Sector Into A Spiral

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be considering becoming a private company, Reuters reported.

Richemont Has No Plan to Invest in Luxury Brand Farfetch

Farfetch Limited (NYSE:FTCH) shares sunk further on Wednesday after luxury conglomerate Richemont said it will not inject any cash into online luxury retailer amid reports that the latter is exploring going private. Farfetch founder Jose Neves is reportedly considering the move after a troubled New York Stock Exchange listing for the British company.

Farfetch shares plummet as Richemont refrains from cash injection amid privatization reports

Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's FTCH.N founder said he was considering taking the online luxury retailer private.

Richemont monitoring situation at online luxury retailer Farfetch

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 29 NOVEMBER 2023 RICHEMONT NOTES THE MEDIA REPORTS ON AND ANNOUNCEMENT BY FARFETCH ON 28 NOVEMBER 2023 Following the recent media reports on and announcement made by FARFETCH on 28 November 2023, Richemont would like to remind its shareholders that it has no financial obligations towards FARFETCH and notes that it does not envisage lending or investing into FARFETCH.

Richemont notes the media reports on and announcement by FARFETCH on 28 November 2023

Number 1 in hard luxury category. 27 luxury maisons with histories stretching back to 1755. P/E of 14x (historical average of 21x).

Richemont's Timeless Brands Offer An Attractive Investment Opportunity Following The Recent Sell-Off Across The Luxury Market

Richemont announces the publication of its interim report and accounts for the six months ended 30 September 2023.

Richemont's 2023 Interim Report now available online

Compagnie Financiere Richemont SA (OTCPK:CFRHF) Q2 2024 Earnings Call Transcript November 10, 2023 3:30 AM ET Company Participants Sophie Cagnard - Corporate Communications and IR Director Burkhart Grund - CFO Jerome Lambert - CEO Cyrille Vigneron - Cartier CEO Johann Rupert - Chairman Conference Call Participants Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Research Zuzanna Pusz - UBS Luca Solca - Bernstein Antoine Belge - BNP Paribas Exane Edouard Aubin - Edouard Aubin Jon Cox - Kepler Cheuvreux Thierry Cota - Societe Operator Ladies and gentlemen, welcome to the Richemont Full Year '24 Interim Results Presentation. I am Alice, your call operator.

Compagnie Financiere Richemont SA (CFRHF) Q2 2024 Earnings Call Transcript

Shares in Richemont led Europe's luxury goods sector lower on Friday, after the Swiss-based group said geopolitical angst and a weakening European economy had delivered lower than expected first-half profits.

Richemont stock leads declines in Europe's luxury sector as slower growth and higher interest rates hit sales

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 10 NOVEMBER 2023 RICHEMONT APPOINTS KARLHEINZ BAUMANN TO SENIOR EXECUTIVE COMMITTEE Richemont announces today that, effective 10 November 2023, Karlheinz Baumann will join the Group's Senior Executive Committee (SEC) in his capacity as Group Director of Operations, in charge of Manufacturing, Research & Innovation, Customer Service, Logistics & Supply Chain, Indirect Procurement, Responsible Sourcing and Security.

News for Cie Financiere Richemont SA Stock (CFRUY)