Luxury group helped by strong demand in US demand and for its Cartier and Van Cleef & Arpels brands

RTÉ

Ireland

Cartier owner Richemont posts 10% jump in Q3 sales

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Shares of Cartier owner Richemont jumped on Thursday after the luxury group reported a 10% increase in fiscal third-quarter sales even as China demand weighed. Sales […]

Ad Fontes Media

All Sides

Media Bias/Fact Check

CNBC

Roberts family

United States

Shares of Cartier owner Richemont jump 17% as sales rise in December quarter - Business Fast

Richemont, the owner of Cartier jewellery, said today it had beaten market expectations for third-quarter sales, in a positive sign for the high-end of the luxury sector over the all-important Christmas season.

Government of Ireland

Shares in Richemont, which is chaired by Johann Rupert, surged nearly 15% on Thursday after it beat market expectations with 10% growth in third-quarter sales, driven by its jewellery division and a recovery in its watchmakers division.

News24

24.com

South Africa

Richemont shares explode after sales surprise

Richemont suggests the worst might be over for Big Bling, but it has advantages other companies don’t.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Not All of Luxury Can Glitter Like Cartier

Zurich, Switzerland — Cartier owner Richemont reported record quarterly sales on Thursday, beating expectations as a slump in key market China was offset by robust demand in other regions. The group said sales reached 6.2 billion euros ($6.3 billion) in its financial third quarter ending on December 31, a 10 percent rise from the same […]...Keep on reading: Cartier owner posts record sales despite China slump

Inquirer

Inquirer Group of Companies

Manila

Metro Manila

Philippines

Cartier owner posts record sales despite China slump

By Mimosa Spencer PARIS (Reuters) – Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China. Retail executives are looking to tap into wealth in the United States linked to the strong stock market and rise in cryptocurrencies, while potential tariffs from U.S.…

WTVB

Midwest Communications

Luxury groups pin hopes on US as China weakness persists

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

Fortune

Chatchaval Jiaravanon

New York

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

Luxury stocks across the world have been given a boost by Cartier-owner Richemont’s booming sales figures this morning. Richemont’s report, the first set of luxury results covering the festive season, indicated that the luxury market may finally be recovering from a slowdown that has lasted nearly two years. Revenue from jewellery, Richemont’s biggest division, rose 10 per cent to €6.2bn (£5.23bn), well ahead of market expectations of a one per …

City AM

London

Greater London

England

United Kingdom

Luxury stocks boom as Richemont kicks off reporting season with a bang

ZURICH: Cartier owner Richemont reported record quarterly sales on Thursday, beating expectations as a slump in key market China was offset by robust demand in other regions.
© New Straits Times Press (M) Bhd

Richemont smashes expectations as jewellery sales boom

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics