Tag: Richemont
Cac 40: Thanks to Richemont, luxury shines again on the stock market and propels the CAC 40
(BFM Bourse) – The Paris Stock Exchange had its best day of the year 2024, rebounding after its difficult session the day before with LVMH and Hermès as support points.…
Richemont: end clap for the agreement with Farfetch
(CercleFinance.com) – Richemont fell on the Zurich Stock Exchange on Monday after announcing the end of its agreement with Farfetch relating to the sale of Yoox Net-A-Porter (YNAP), its fashion…
Richemont will not inject cash into Farfetch
Published on 11/29/2023 at 11:37 a.m. Photo credit © Reuters ZURICH (Reuters) – Richemont said on Wednesday…
Richemont: denies rumors relating to Farfetch
(CercleFinance.com) – Richemont said on Wednesday that rumors that it intended to invest in Farfetch, or to finance the online luxury retailer, were unfounded. Following information published in the press,…
Luxury values penalized by Richemont, whose watch sales disappointed
(AOF) – The Swiss luxury group Richemont fell by 5.73% to 106.10 Swiss francs in Zurich. This fall – the most significant in the SMI – is the consequence of…
Richemont posts half-year profit below expectations – 10/11/2023 at 08:04
Richemont CFR.S reported on Friday a half-year profit below expectations, the Swiss group in turn illustrating the current difficulties of the luxury sector faced with the caution of its wealthy…
Richemont: Net profit of 1,505 ME as of September 30
(CercleFinance.com) – The group announces turnover and operating profit from continuing activities of 10.2 billion euros and 2.7 billion euros, respectively for the first six months ended September 30 2023.…
Richemont: An appointment to the Management Committee
(CercleFinance.com) – Richemont announces the appointment of Karlheinz Baumann to the Management Committee. Karlheinz Baumann will join the Group Executive Committee as Group Operations Director, responsible for Manufacturing, Research and…
Richemont: EU approves transaction with Farfetch
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Market: EU green light for Farfetch’s operation for YNAP, says Richemont
ZURICH (Reuters) – European authorities have approved Farfetch’s purchase of a stake in rival Yoox Net-A-Porter (YNAP), owned by Richemont, the Swiss luxury group announced on Monday. This was the…
Interparfums: Richemont appoints a perfume pro to head a new division, Interparfums stumbles on the stock market
(BFM Bourse) – The Interparfums share is in difficulty on the Paris Stock Exchange, investors fearing that the appointment of Boet Brinkgreve, at the head of a new division created…
Hermes intl: Luxury weighed down on the stock market by the disappointing performance of Richemont and by China
(BFM Bourse) – The Swiss group that owns Cartier has published lower-than-expected growth in the first quarter of its 2023-2024 financial year, from April to the end of June. And,…