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Compagnie Financière Richemont SA (CFRUY)

17.76

+0.03

+(0.17%)

At close: January 16 at 3:00:00 PM EST

Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors

Richemont outstripped expectations with a 10 percent jump in revenue during the key holiday quarter, offering hope that luxury's slump might be coming to an end.

WWD 10 hours ago

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Why LVMH Stock Popped Today

Shares of Louis Vuitton Moet Hennesy (OTC: LVMUY) were moving higher today in symphony with a strong earnings report from luxury peer Richemont (OTC: CFRUY), the owner of Cartier. As of 1:07 p.m. ET, LVMH stock was up 9.8%, compared to Richemont's 15.4%. Richemont reported a 10% increase in third-quarter sales to 6.2 billion euros ($6.4 billion), and it saw double-digit growth in nearly every region, including the Americas, Europe, the Middle East & Africa, and Japan.

Motley Fool 11 hours ago

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Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround

Luxury goods stocks jumped on following Cartier-owner Richemont a surge in sales, prompting hopes of a turnaround for the sector.

Yahoo Finance UK 16 hours ago

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European Luxury Stocks Jump on Richemont's Record Quarterly Sales

European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.

Investopedia 16 hours ago

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Richemont Sales Soar in Early Sign of Luxury Recovery

(Bloomberg) -- Richemont sales unexpectedly jumped by a double-digit percentage during the holiday shopping season as consumers splurged on Cartier jewelry, lifting shares across the luxury-goods sector on hopes of a rebound.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsNYPD R

Bloomberg 19 hours ago

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Richemont posts record Q3 sales, led by jewelry division

The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.

Fashion Dive 20 hours ago

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Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world

Despite weakness in China, "Richemont has never been stronger," investment firm Vontobel's analyst said.

Fortune 20 hours ago

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Richemont Sales Bounce 10% in Q3, With Strong Gains Worldwide, Except China

Sales rocketed 22 percent in the Americas region, while in mainland China, Hong Kong and Macau they were down 18 percent in the three months to Dec. 31.

WWD yesterday

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Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround

ZURICH (Reuters) -Richemont, the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector. The company's robust performance over the all-important holiday season was seen as a signal that luxury sales may have turned a corner, even if Richemont mostly operates at the very high end of the market. The Swiss company's sales jumped 10% year-on-year to 6.2 billion euros ($6.37 billion) for the three months to end-December, well ahead of analyst expectations for a 1% increase.

Reuters yesterday

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Luxury Stocks’ Recent Rally Faces High-Stakes Earnings Test

(Bloomberg) -- Europe’s beaten-down luxury stocks have turned a corner the past two months, increasing the stakes for the earnings the companies are about to announce.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsSpecu

Bloomberg yesterday

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BURBY
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Stocks to watch this week: Goldman Sachs, Antofagasta, TSMC, Vistry and Ocado

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK 3 days ago

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Rolex prices fall in 2024: What's driving the luxury watch market

Rolex watches, along with other luxury watch names, have declined in value in 2024. Yahoo Finance Senior Reporter Pras Subramanian joins Brian Sozzi and Brad Smith on Morning Brief to discuss what's driving prices in the high-end watch market. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Yahoo Finance Video 19 days ago

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Delvaux Opens West Coast Flagship, CEO Talks Retail Expansion Plans

The Richemont-owned Delvaux has opened its doors at South Coast Plaza.

WWD last month

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Richemont Names New CEOs at Jaeger-LeCoultre and Vacheron Constantin

Continuing a year of executive changes, Richemont has promoted Laurent Perves to CEO of Vacheron Constantin, while Jérôme Lambert returns to Jaeger-LeCoultre.

WWD last month

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Mytheresa’s Operations Turn Profitable for Fiscal Q1

The luxury website's businesses in the U.S. and Europe, average order size and gross margin all increased for the three-month period ended Sept. 30.

WWD last month

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Richemont struggles continue as first half operating profits fall 17%

Sharp declines in the company’s watch division were slightly offset by single-digit gains elsewhere, but losses in China continued to weigh on revenue.

Fashion Dive 2 months ago

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Cartier Owner Richemont’s Sales Fall as Luxury’s China Woes Linger

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.

The Wall Street Journal 2 months ago

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Heard on the Street: Luxury Customers Get Less Bag for Their Buck

Shoppers aren’t imagining it: Luxury goods cost a lot more these days, with no improvement in quality to make up for it. Weak sales look like a more deep-seated problem than some brands will admit. Dig ...

The Wall Street Journal 2 months ago

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Cartier owner Richemont cautious on hiking jewellery prices despite high gold prices

PARIS (Reuters) -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. "We've been extremely cautious at maintaining the actual activity of our retail pricing on the price of gold," Richemont chief executive officer Nicolas Bos told analysts on Friday. Cartier's gold love lock bracelet is currently priced at 7,950 euros, a level analysts at HSBC flagged as a possible symbol of so-called "greedflation" in the industry, as high end labels face questions about whether they pushed prices up too far, too fast.

Reuters 2 months ago

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Richemont say US business in good position for growth

ZURICH (Reuters) -Richemont's U.S. business is in a good position to carry on growing now that uncertainty around this week's presidential election is out of the way, Chief Financial Officer Burkhard Grund said on Friday. "We've been quite resilient in that volatile environment pre-election, which gives us a good basis for continued growth after the elections," Grund said, adding that any longer term effects from Trump's win were "pure speculation." Richemont's jewellery and fashion and accessories business in the United States and among American customers who travel has been growing "quite consistently," Grund said.

Reuters 2 months ago

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Performance Overview

Return	CFRUY	MSCI WORLD
YTD	+16.23%	+0.68%
1-Year	+41.10%	0.00%
3-Year	+34.63%	+18.00%

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Compagnie Financière Richemont SA (CFRUY)

Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors

Why LVMH Stock Popped Today

Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround

European Luxury Stocks Jump on Richemont's Record Quarterly Sales

Richemont Sales Soar in Early Sign of Luxury Recovery

Richemont posts record Q3 sales, led by jewelry division

Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world

Richemont Sales Bounce 10% in Q3, With Strong Gains Worldwide, Except China

Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround

Luxury Stocks’ Recent Rally Faces High-Stakes Earnings Test

Stocks to watch this week: Goldman Sachs, Antofagasta, TSMC, Vistry and Ocado

Rolex prices fall in 2024: What's driving the luxury watch market

Delvaux Opens West Coast Flagship, CEO Talks Retail Expansion Plans

Richemont Names New CEOs at Jaeger-LeCoultre and Vacheron Constantin

Mytheresa’s Operations Turn Profitable for Fiscal Q1

Richemont struggles continue as first half operating profits fall 17%

Cartier Owner Richemont’s Sales Fall as Luxury’s China Woes Linger

Heard on the Street: Luxury Customers Get Less Bag for Their Buck

Cartier owner Richemont cautious on hiking jewellery prices despite high gold prices

Richemont say US business in good position for growth

Performance Overview