Cie Financiere Richemont SA

Compagnie Financière Richemont SA engages in the design, manufacture, and distribution of luxury goods. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, and Other. The Jewellery Maisons segment designs, manufactures, and distributes jewellery products comprised of Buccellati, Cartier, and Van Cleef and Arpels. The Specialist Watchmakers segment offers precision timepieces, which comprises Piaget, A. Lange and Sohne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier, and Roger Dubuis. 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 Peter Rupert in September 1988 and is headquartered in Bellevue, Switzerland.

Richemont's Jewellery Maisons division outperformed expectations and confirmed our "value for money" investment thesis. Excluding China, the company grew in all regions. Despite anticipating lower margins in H2, Richemont has a valuation upside to our current financials estiamtes.

Richemont: Jewellery Division Is Shining

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 15 NOVEMBER 2024

Richemont's 2024 Interim Report now available online

Compagnie Financiere Richemont SA (OTCPK:CFRHF) Q2 2025 Earnings Conference Call November 8, 2024 3:30 AM ET Company Participants Alessandra Girolami - IR Director Nicolas Bos - CEO Burkhart Grund - Executive Director & CFO Conference Call Participants Zuzanna Pusz - UBS Edouard Aubin - Morgan Stanley Thomas Chauvet - Citi Chiara Battistini - JPMorgan Antoine Belge - BNP Exane Louise Singlehurst - Goldman Sachs Jon Cox - Kepler Luca Solca - Bernstein Erwan Rambourg - HSBC Patrik Schwendimann - ZKB Rogerio Fujimori - Stifel Carole Madjo - Barclays Piral Dadhania - RBC Operator Ladies and gentlemen, welcome to the Richemont Financial Year 2025 Interim Results Presentation. I'm Moira, your call operator.

Compagnie Financiere Richemont SA (CFRHF) Q2 2025 Earnings Call Transcript

Swiss luxury house Richemont, owner of high-end brands including Cartier, Chloé and Can Cleef & Arpels, continues to feel the strain of historically low demand for luxury goods in the important Chinese market.  Revenues of €10 billion in the first half of its financial year were down 1% at actual rates, while operating profit fell 17% to €2.2 billion.

Cartier owner Richemont hit by falling Chinese demand, record gold prices

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Cartier owner Richemont plans to stick to its cautious approach to raising prices of jewellery despite the soaring price of gold in recent months, and has no plans yet for price increases in the upcoming months, executives said on Friday.

Richemont remains cautious on raising jewellery prices despite high gold prices

Richemont's U.S. business could get a boost now that pre-election uncertainty following this week's presidential poll is out of the way, although it is too early to say how possible tariff hikes under Donald Trump would affect the luxury company.

Richemont expects pick-up in US with election uncertainty now out of way

The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.

Richemont Sales Fall as Luxury's China Woes Linger

Cartier jewellery owner Richemont reported on Friday a 1% dip in sales during the three months to the end of September, the latest luxury company to report tougher conditions as China weakened.

Cartier owner Richemont posts dip in Q2 sales

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 8 NOVEMBER 2024 Please find below the Highlights and Chairman's commentary from Richemont FY25 Interim Results Announcement.

Richemont demonstrates sustained resilience for the six-month period ended 30 September 2024

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP).

Richemont Hands Off YNAP to Mytheresa for $608 Million

Richemont, the parent company of Cartier, announced the agreement to sell its online fashion and accessories business, Yoox Net-A-Porter (YNAP), to German luxury fashion platform Mytheresa. This decision comes after last year's failed transaction and concludes the search for a new owner for the loss-making YNAP.

Richemont to Sell YNAP to Mytheresa for 33% Stake

Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.

Richemont to Sell e-Commerce Business YNAP to Mytheresa

Cartier-owner Richemont has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa in exchange for a 33% stake in the German luxury fashion platform, it said on Monday.

Richemont announces deal to sell online retailer Yoox Net-A-Porter

Richemont reporting solid Q1 results, outperforming peers, even as luxury industry sentiment deteriorates. We have a supportive view thanks to the company's Jewelry category division and higher-than-expected cash. Richemont continues to be one of our favorite companies in the luxury segment. Our buy is confirmed.

Richemont Is The Luxury Outlier - Buy Confirmed

Burberry Group PLC

A profit alert from Hugo Boss and weak China sales at Richemont added to evidence that Chinese appetite for luxury goods may have peaked, knocking share prices on Tuesday, while Porsche's exposure to the world's No. 2 economy also rattled investors.

China's reduced spending saps European luxury stocks

Cartier owner Richemont's sales failed to budge in the first quarter of its 2025 financial year, delivering another warning sign for the global luxury sector. On an actualised basis, the Swiss global luxury giant's revenues slipped by 1%, down significantly from the 14% growth rate in the previous first quarter.

Cartier owner Richemont delivers another warning sign for global luxury

Sales at Cartier-owner Richemont were almost flat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result slightly below expectations.

Weak China demand hurts sales at luxury goods firm Richemont

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 16 JULY 2024 RICHEMONT REPORTS RESILIENT SALES FOR ITS FIRST QUARTER ENDED 30 JUNE 2024 Highlights Sales up 1% at constant exchange rates, down 1% at actual exchange rates, against demanding comparatives in the prior-year period (+19% and +14%, respectively) and despite persistent macroeconomic and geopolitical uncertainties Growth across all regions, except for Asia Pacific, driven by Japan and the Americas, both at actual and constant exchange rates Further progression in direct-to-client sales, most notably at the Jewellery Maisons Mid-single digit growth at the Jewellery Maisons and the Group's ‘Other' business area (which includes the Group's Fashion & Accessories Maisons) offsetting lower sales at the Specialist Watchmakers impacted by strong exposure to Asia Pacific April-June 2024 2023 % change 2024 vs 2023 €m     constant rates actual rates By region         Europe 1 171 1 131  +5% +4% Asia Pacific  1 809 2 239  -18% -19% Americas 1 215 1 096  +10% +11% Japan  603 424 +59% +42% Middle East & Africa 470 432 +8% +9%            By distribution channel         Retail  3 631 3 618 +2% +0% Online retail  315 298 +6% +6% Wholesale and royalty income  1 322 1 406 -5% -6%           By business area         Jewellery Maisons  3 656 3 599 +4% +2% Specialist Watchmakers  911 1 061 -13% -14% Other  701 662 +6% +6%           Total  5 268 5 322 +1% -1% Review of trading in the three-month period ended 30 June 2024 versus the  prior-year period, at constant exchange rates Any references to Hong Kong, Macau and Taiwan within this company announcement are Hong Kong SAR, China; Macau SAR, China; and Taiwan, China respectively.

Richemont reports resilient sales for its first quarter ended 30 June 2024

2 JULY 2024 RICHEMONT APPOINTS CATHERINE RÉNIER AS CHIEF EXECUTIVE OFFICER OF VAN CLEEF & ARPELS Richemont today announced that Catherine Rénier, currently Chief Executive Officer (CEO) of Jaeger-LeCoultre, will succeed Nicolas Bos as Chief Executive Officer of Van Cleef & Arpels, effective 1 September 2024, and will report to him following his recent appointment as Richemont's CEO. Mrs Rénier, a French national, brings more than 20 years of jewellery and luxury watchmaking experience at Richemont.

Richemont appoints Catherine Rénier as Chief Executive Officer of Van Cleef & Arpels

Richemont said on Tuesday that Louis Ferla will replace Cyrille Vigneron as chief executive officer of its Cartier jewellery brand.

Richemont names new boss for Cartier jewellery business

2 JULY 2024 RICHEMONT APPOINTS LOUIS FERLA AS CHIEF EXECUTIVE OFFICER OF CARTIER Richemont today announced that Louis Ferla, currently Chief Executive Officer of Vacheron Constantin, will succeed Cyrille Vigneron as Chief Executive Officer (CEO) of Cartier, effective 1 September 2024. Mr Vigneron, who has decided to retire after eight successful years at the helm of the Maison, will assume the position of Chairman of Cartier Culture & Philanthropy effective 1 September 2024 and work with Mr Ferla to ensure a smooth transition.

Richemont appoints Louis Ferla as Chief Executive Officer of Cartier

LVMH Moet Hennessy Louis Vuitton

LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.

LVMH boss Bernard Arnault reportedly buys stake in Cartier owner, sparking takeover rumors

Talks of consolidation in the luxury sector are growing after it was revealed Bernard Arnault, the owner of Louis Vuitton Moet Hennessy (EPA:MC), has built a stake in Cartier owner Richemont. Europe's richest man is believed to have purchased a stake too small to be disclosed in public records and is a personal investment, reports from the Financial Times revealed.

LVMH and Richemont takeover rumours grow as Arnault builds stake

French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH , has bought a stake in smaller luxury rival Richemont , Bloomberg reported on Tuesday.

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 13 JUNE 2024 RICHEMONT PUBLISHES FY24 ANNUAL REPORT AND NON-FINANCIAL REPORT Richemont has today published its Annual Report and Accounts, as well as its Non-Financial Report, for the year ended 31 March 2024.

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