Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Cboe UK • CHF Compagnie Financière Richemont SA (CFRZ.XC) Follow Add holdings 146.25 +1.85 +(1.28%) At close: May 2 at 4:19:57 PM GMT+1 All News Press Releases SEC Filings Mytheresa Finalizes Yoox Net-a-porter Acquisition, Will Begin Trading as ‘LUXE’ on May 1 Mytheresa is the 100 percent owner of YNAP, and has ambitions to become a 4 billion euro business. It will begin trading under the new "LUXE" ticker next month. Are Retail-Wholesale Stocks Lagging Compagnie Financiere Richemont (CFRUY) This Year? Here is how Compagnie Financiere Richemont AG (CFRUY) and Kingfisher PLC (KGFHY) have performed compared to their sector so far this year. Mytheresa secures EC nod for YNAP acquisition Mytheresa will rebrand the combined entity as LuxExperience, offering a selection of high-end brands to a luxury consumer base. Mytheresa, Richemont deal for YNAP gets regulatory approval Once the transaction is closed, Mytheresa will operate under a new name. MYT Netherlands Parent B.V. ("Mytheresa") Receives Final Regulatory Clearance to Acquire YOOX NET-A-PORTER ("YNAP") From Richemont, With Closing Planned for 23 April 2025 MUNICH & GENEVA, April 11, 2025--Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and plan to close the transaction on 23 April 2025. Stocks to watch this week: Goldman Sachs, TSMC, ASML, Netflix, LVMH and Sainsbury's Earnings preview of key companies reporting this week and what to look out for. Global market rout darkens outlook for European luxury labels PARIS (Reuters) -Growing fears that Donald Trump's tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might help to pull it out of the biggest slump in years. One Wall Street analyst now expects worldwide sales of luxury goods will fall by as much as 2% this year, down from a previous forecast for 5% growth. Bernstein analyst Luca Solca cited the fallout from Trump's April 2 announcement of import taxes on major U.S. trading partners as reasons for the downgrade. Tariffs Are Clouding Luxury’s Growth. Some Stocks Are Well Positioned. Luxury stocks have been caught up in the post-tariff market rout, as investors worry that the new trade order and resultant stock market selloff will dampen demand for premium goods. President Donald Trump unveiled a sweeping list of new tariffs last week that would affect imports coming from dozens of countries. European countries—where most luxury brands are based—got slapped with a 20% levy. Stocks to Watch Friday: Meta, Apple, Deutsche Bank, BP ↘️ Glencore (UK:GLEN): Fears of a global recession hit mining companies. Shares of Glencore, one of the world's biggest copper suppliers, fell more than 10% in London. ↘️ Apple (APPL); Meta Platforms (META): The two "Magnificent 7" stocks that saw the steepest falls Thursday both dropped at least 3% Friday. Swiss watch industry sees tough times ahead over Trump tariffs Swiss watch seller Sacha Davidoff was scrambling on Thursday to understand what new U.S. tariffs on Switzerland announced by President Donald Trump meant for the goods he was due to export from his shop in Geneva this week. Shares in European luxury companies dropped on Thursday after Trump announced import tariffs, including 31% on goods from Switzerland and 20% from the European Union. Luxury Stocks Take Tariff Lumps: Heard on the Street Luxury brands were immediate losers from President Trump's tariff onslaught. Capri, which owns Michael Kors, lost a quarter of its value in early trading and Ralph Lauren is down 17%. Both labels have outsourced manufacturing to Asian countries including Vietnam and China, so now face sky-high tariffs bills. Is Compagnie Financiere Richemont (CFRUY) Stock Outpacing Its Retail-Wholesale Peers This Year? Here is how Compagnie Financiere Richemont AG (CFRUY) and Kingfisher PLC (KGFHY) have performed compared to their sector so far this year. Luxury, Swiss watchmaker shares take a hit from new US tariffs (Reuters) - Shares in European luxury companies dropped on Thursday after U.S. President Donald Trump announced new tariffs, including on goods from the European Union and Switzerland. How Rolex's new Land-Dweller watch aims to 'invigorate' the collector base "Watches and Wonders," the biggest trade show in the luxury timepiece world kicked off with a bang, with industry leader Rolex releasing its latest 2025 models. Jérôme Lambert took an unlikely career step down from Richemont CEO to leading one of its 29 brands. He said he just wanted to return to ‘the job I love’ Jérôme Lambert went from being Richemont Group’s CEO to its COO, and then CEO of its Jaeger-LeCoultre maison—all in a span of six months. Is Compagnie Financiere Richemont (CFRUY) Outperforming Other Retail-Wholesale Stocks This Year? Here is how Compagnie Financiere Richemont AG (CFRUY) and Meritage Hospitality Group Inc. (MHGU) have performed compared to their sector so far this year. Retail sales: Finding safety in consumer-exposed sectors US retail sales rose by 0.2% in February, below economists' growth forecasts of 0.6% for the month; the University of Michigan's preliminary consumer sentiment reading for March saw the index fall to 57.9. TD Cowen senior research analyst Oliver Chen shares his top picks in the retail sector Madison Mills and Bullseye American Ingenuity Fund portfolio manager Adam Johnson, assessing how consumers, operators, and luxury brands are navigating trade tariff pressures. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Cartier owner Richemont appoints jewellery bosses to executive board Luxury company Richemont on Friday announced changes to its senior management, with the bosses of jewellery companies Cartier and Van Cleef joining its executive committee. Catherine Renier, CEO of Van Cleef & Arpels, and Louis Ferla, CEO of Cartier have been appointed, the Swiss company said. Richemont also said that its chief people officer Marie-Aude Stocker would be appointed to its executive committee. LVMH shares set for biggest drop in over a year on fading recovery hopes PARIS (Reuters) -Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether. The home of Louis Vuitton fashions and Bulgari jewellery reported a 1% rise in fourth-quarter sales, beating estimates. Shares in Europe's most valuable company fell as much as 6.7% in early trade and were down 5% at 1200 GMT. Mytheresa to Be Renamed LuxExperience Ahead of Yoox Net-a-porter Acquisition Mytheresa is making a fresh start, with a new name for its holding company — and stock exchange ticker — as it prepares to integrate the Yoox Net-a-porter businesses later this year. Performance Overview Trailing total returns as of 5/2/2025, which may include dividends or other distributions. Benchmark is MSCI WORLD (^990100-USD-STRD) Return CFRZ.XC MSCI WORLD (^990100-USD-STRD) YTD +5.94% +0.15% 1-Year +16.94% +13.07% 3-Year +87.36% --