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.

Kering SA

RBC has tipped ‘hard luxury' stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury' stocks, although analysts also gave LVMH an outperform rating. Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.

Watches of Switzerland, Richemont, Kering top picks in ‘hard luxury' sector - analyst

NIKE

Rent the Runway

Upon a quick look at the stock market, one can spot multiple retail stocks that appear undervalued. However, investing in retail stocks can be challenging due to their cyclical nature and competitive end markets.

The 3 Most Undervalued Retail Stocks to Buy in May 2024

Signet Jewelers

Investors interested in Retail - Jewelry stocks are likely familiar with Signet (SIG) and Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks offers value investors a better bang for their buck right now?

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

Compagnie Financiere Richemont SA (OTCPK:CFRHF) Q4 2024 Results Conference Call May 17, 2024 3:30 AM ET Company Participants Sophie Cagnard - Corporate Communications and IR Director Johann Rupert - Chairman Jérôme Lambert - CEO Burkhart Grund - CFO Cyrille Vigneron - Cartier CEO Nicolas Bos - Van Cleef & Arpels CEO Conference Call Participants Zuzanna Pusz - UBS Thomas Chauvet - Citi Louise Singlehurst - Goldman Sachs Melania Grippo - BNP Paribas Luca Solca - Bernstein Patrik Schwendimann - ZKB Piral Dadhania - RBC Carole Madjo - Barclays Rogerio Fujimori - Stifel Sophie Cagnard To be better with mic on. So sorry about that.

Compagnie Financiere Richemont SA (CFRHF) Q4 2024 Earnings Call Transcript

Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.

Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO

Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia Pacific spending waned.

Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO

Luxury group Cartier-owner Richemont announced a rejig of its top management on Friday, promoting the head of its Van Cleef & Arpels jewellery brand to group chief executive, saying it was returning to a more traditional management set-up.

Luxury group Richemont makes Van Cleef jewellery boss new CEO

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 17 MAY 2024 RICHEMONT ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT The Board of Compagnie Financière Richemont SA (Richemont) appoints Nicolas Bos, currently Chief Executive of Van Cleef & Arpels, to the re-established role of Chief Executive Officer of Richemont effective 1 June 2024, and Bram Schot as Non-executive Deputy Chairman of the Board effective 11 September 2024.

Richemont announces changes to the Board of Directors and Senior Management

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 17 MAY 2024 Please find below the Highlights and Chairman's commentary from Richemont FY24 Annual Results Announcement.

Richemont announces strong underlying performance for the year ended 31 March 2024

COMPANY ANNOUNCEMENT 7 MAY 2024 RICHEMONT ACQUIRES VHERNIER Richemont is pleased to announce that it has reached an agreement to acquire 100% of Vhernier S.p.A. ("Vhernier"), the distinctive Italian jewellery Maison, in a private transaction.

Richemont acquires Vhernier

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?

Evolution AB

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Starbucks

My top 7 picks for February: Exclusively for long-term investors. Quality companies at fair prices. I own most of the stocks here. You might disagree on some.

Top 7 Stocks To Consider Buying In February

Ambev

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AstraZeneca

Alibaba

Baidu

British American Tobacco

Anheuser-Busch InBev

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GlaxoSmithKline

Imperial Brands PLC

JD.com

Kao Corp

Medtronic

Nestle SA

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.

International Wide-Moat Stocks On Sale - The February 2024 Heat Map

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

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.

News for Cie Financiere Richemont SA Stock (CFRUY)