Press releases and news | Media - Richemont
Richemont demonstrates sustained resilience for the six-month period ended 30 September 2024 Read more Jaeger-LeCoultre supports second edition of Homo Faber Fellowship, taking place from September 2024 to March 2025
Richemont announces strong underlying performance for the …
May 17, 2024 · Richemont delivered a solid underlying performance for the financial year ended 31 March 2024 whilst successfully facing unfavourable foreign exchange movements, demanding comparatives, and ongoing macroeconomic and geopolitical uncertainty.
Richemont demonstrates sustained resilience for the six-month …
6 days ago · Operating profit for the six months ended 30 September 2024 decreased by 17% compared to the prior-year period to € 2 206 million, or 21.9% of sales. Net operating expenses increased by 6% compared to the prior-year period. Selling and distribution expenses also increased by 6%, amounting to 26.4% of sales in the current period compared to 24 ...
Richemont First-half Sales Decline 1% in Rocky Times for Luxury
6 days ago · In the first six months, sales fell 1 percent to 10.1 billion euros, dented by weak demand in Asia-Pacific, and in the specialist watch category. Sales at that division, home to brands including ...
Luxury group Richemont's sales surge in China, boosting its shares
ZURICH, Jan 18 (Reuters) - Cartier owner Richemont (CFR.S) enjoyed a surge in sales in China in its latest quarter, signalling on Thursday the resilience of the high end of the luxury market and...
Richemont shares climb 6% on record full-year sales, new CEO
May 17, 2024 · Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales. The Cartier owner said group sales rose 3% to an all-time high of 20.6 billion...
LVMH’s Bernard Arnault emerges as personal stakeholder in Richemont
Jun 25, 2024 · Bernard Arnault, the billionaire founder of luxury goods group LVMH, has bought shares in Richemont, the rival Swiss-based conglomerate behind high-end jeweller Cartier. The stake is too small to...
Richemont reports sales growth of 8% for its third quarter and …
Jan 18, 2024 · 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 ...
Richemont struggles continue as first half operating profits fall 17%
3 days ago · Dive Brief: Compagnie Financière Richemont SA reported first half fiscal 2025 sales of 10.1 billion euros, or about $10.7 million, representing a year-over-year drop of 1%, according to a Friday ...
U.S. Becomes Richemont’s Largest Market in Q1, as Sales Rise
Jul 15, 2022 · The U.S. was Richemont's largest single market in Q1 2022-23, with sales climbing 41 percent to 1.34 billion euros due to domestic spending.