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.

Farfetch

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.

Richemont appoints Karlheinz Baumann to Senior Executive Committee

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53LR 10 NOVEMBER 2023 Please find below the Highlights and Chairman's commentary from Richemont FY24 Interim Results Announcement.

Richemont announces strong underlying performance for the six-month period ended 30 September 2023

Richemont is a Swiss luxury goods company. The company has achieved consistent growth owing to its strong brands, such as Cartier, as well as its growing popularity in luxury goods. We expect continued revenue growth in line with what has been achieved historically, although tailwinds from China could improve this in the short term. This said, we highlight that China. Margin improvement has been driven by price action, with demand remaining strong in spite of this due to an increase in wealth prior to the successive rate hikes.

Richemont: Luxury Business With Revenue Growth And Cheap Valuation

Signet Jewelers

Investors looking for stocks in the Retail - Jewelry sector might want to consider either Signet (SIG) or Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks is more attractive to value investors?

SIG vs. CFRUY: Which Stock Should Value Investors Buy Now?

European authorities have approved online luxury retailer Farfetch's purchase of a stake in rival Yoox Net-A-Porter from Richemont in the last regulatory approval needed, the owner of Cartier said on Monday.

European regulator approves Farfetch deal for YNAP, Richemont says

Richemont acquires a majority stake in Gianvito Rossi, diversifying its businesses in the luxury market. European Union antitrust authorities will decide on the Farfetch/YNAP merger. Richemont's stock price decline presents a buying opportunity with an attractive valuation (vs. the sector) and growth projections, given the company's upside on a more aggressive pricing policy for 2024.

Richemont: Time To Enter (Rating Upgrade)

Bullish stock picks are as rare as a diamond and sapphire-set Rolex Submariner, if Jefferies' relaunched luxury coverage is anything to go by. The investment bank kicked off its coverage with just two buys, while suggesting that sector growth in 2024 will be 9% below consensus.

Only two luxury stocks make the grade in Jefferies' coverage relaunch

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5 Lesser Known Parent Companies Of Big Luxury Brands

Luxury goods company Richemont reported a 14% increase in Q1-24 revenue, but a 4% decline in the Americas led to a 10% drop in stock value. Despite the drop, the company is on track to achieve record sales of €21.0B for the year, with strong performance in Asia Pacific, Europe, and the Middle East & Africa. The company's high-performing Jewellery Maisons segment, including Buccellati, Cartier, and Van Cleef & Arpels, showed resilience, while other segments decelerated.

Richemont: Growth Declines In America Reflect Inferiority, But Provide Opportunity

Exclusive Swiss retailer and owner of Cartier watches Richemont is the latest luxury large cap to feel the pinch of the diamond-encrusted jewell-buying elite. In a trading statement released on Monday, the Zurich-listed company saw a dramatic slowdown in Europe when comparing year-on-year performance.

Cartier-owner Richemont feels the pinch of American luxury buyers

Richemont's turnaround story has reached an end, as the company fully recovered from the pandemic and the LVMH takeover threat evaporated. With a rejuvenated focus on execution, the company achieved record revenues and profits in FY23, and announced the divestiture of its unprofitable YNAP business. The company's future growth is expected to be steady, with continued execution in its Jewellery Maisons and Specialist Watchmakers segments, but improvement in the lagging Other businesses is doubtful.

Compagnie Financiere Richemont: Turnaround Story Over, But There's Still Upside

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Swiss luxury products stock Richemont's price has increased by 36% since November last year, with improved operating margins and strong sales growth in Asia Pacific as Chinese demand recovers. The company's forward price-to-earnings (P/E) ratio looks attractive compared to luxury peers, indicating a potential for further stock price growth. However, if sales in key markets like the US and Europe slow down more than expected, Richemont's earnings growth might be negatively impacted. So far though, this risk appears limited.

Compagnie Financière Richemont: Financials And Valuations Look Good, Watch For Growth Slowdown

Here is how Compagnie Financiere Richemont AG (CFRUY) and Chuy's Holdings (CHUY) have performed compared to their sector so far this year.

Are Retail-Wholesale Stocks Lagging Compagnie Financiere Richemont (CFRUY) This Year?

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Is Compagnie Financiere Richemont (CFRUY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Richemont is the 2nd largest luxury holding in Europe with a focus on luxury jewelry and watches. After some years, Richemont found its way back on the growth track and also achieved new highs of profitability and cash conversion.

Richemont: The Luxury Holding Is Increasingly Earning Its Premium Due To Strong Results

Hermes International

The world's richest man might want to listen to what Deutsche Bank had to say about luxury goods profits on Tuesday: the U.S. consumer is turning into a problem.

Luxury goods stocks tumble as Deutsche Bank says they're no longer a slam dunk. Blame the U.S.

Compagnie Financière Richemont SA (OTCPK:CFRHF) Q4 2023 Results Conference Call May 12, 2023 3:30 AM ET Company Participants Sophie Cagnard - Investor Relations Johann Rupert - Chairman Jerome Lambert - Chief Executive Officer Burkhart Grund - Chief Finance Officer Cyrille Vigneron - Cartier CEO Nicolas Bos - Van Cleef & Arpels CEO Conference Call Participants Zuzanna Pusz - UBS Ashley Wallace - Bank of America Louise Singlehurst - Goldman Sachs Patrik Schwendimann - Zurcher Kantonalbank Edouard Aubin - Morgan Stanley Carole Madjo - Barclays Rogerio Fujimori - Stifel Sophie Cagnard So good morning and welcome to Richemont 2023 full year results presentation. Thank you to those in person for coming to Geneva, much appreciated, and also to those of you watching the webcast.

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