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Compagnie Financiere Richemont SA (CFR.S)

CFR.S on Virt-X Level 1

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Latest Key Developments (Source: Significant Developments)

Richemont has recruited CEO for Alibaba joint venture
Friday, 17 May 2019 

May 17 (Reuters) - Richemont ::CEO SAYS HAS RECRUITED CEO FOR ALIBABA JOINT VENTURE, BUT HAS OTHER POSITIONS TO FILL.  Full Article

Richemont says had double-digit sales growth in mainland China, U.S.
Friday, 17 May 2019 

May 17 (Reuters) - Compagnie Financiere Richemont SA ::EXEC SAYS GROUP HAD VERY GOOD MOMENTUM IN THE U.S. WITH DOUBLE-DIGIT GROWTH.CEO SAYS BUYBACKS OF WATCH INVENTORY ARE FINISHED, FOCUS NOW ON IMPROVING QUALITY OF DISTRIBUTION.CARTIER CEO SAYS CHINA HAS BEEN QUITE STEADY, ESPECIALLY MAINLAND CHINA.EXEC SAYS GROUP HAD DOUBLE-DIGIT SALES GROWTH IN MAINLAND CHINA IN FY, MID SINGLE-DIGIT GROWTH WITH TRAVELLING CHINESE.CEO SAYS RESTRUCTURING AT DUNHILL IS OVER, HAS SEENLIKE-FOR-LIKE GROWTH AT DUNHILL FOR MORE THAN 12 MONTHS.  Full Article

Richemont CFO says focus on managing sell-in will remain in H2
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Compagnie Financiere Richemont SA ::CFO SAYS HAD DOUBLE-DIGIT GROWTH AT YNAP IN H1 AND THAT IS GOOD INDICATOR OF WHAT TO EXPECT IN THE FUTURE.CFO SAYS NOT HUNTING FOR ACQUISITIONS AT THE MOMENT, HAS A LOT ON ITS PLATE WITH INTEGRATION OF YNAP AND WATCHFINDER.CFO SAYS FOCUS ON MANAGING SELL-IN AS COMPARED TO SELL-OUT WILL REMAIN IN H2.CFO SAYS INVENTORY INCREASE WAS PLANNED, EXPECTS INVENTORY TO GO DOWN IN H2.  Full Article

Richemont says October sales back on H1 level after dip in September
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Compagnie Financiere Richemont SA ::CFO SAYS TRADING IN ASIA PACIFIC WEAKER IN SEPTEMBER THAN IN PREVIOUS MONTHS DUE TO VARIOUS FACTORS, INCLUDING WEATHER AFFECTING REGIONAL TOURISM.CFO SAYS EXPANSION OF GROUP SALES IN OCTOBER WERE AGAIN IN LINE WITH PREVIOUS MONTHS.CFO SAYS STILL CLOSELY MONITORING SELL-IN OF WATCHES.CFO SAYS DUNHILL SALES NO LONGER DECLINING.CFO SAYS DUNHILL NOT PROFITABLE YET.CFO SAYS GROUP IS INTENTIONALLY MAINTAINING SLIGHT UNDERSUPPLY OF WATCHES IN THE MARKET.CFO SAYS HAS SEEN HEALTHY TREND IN RETAIL CHANNEL FOR WATCHES IN SEPTEMBER AND OCTOBER.CFO SAYS QUITE HAPPY WITH DOMESTIC CHINESE CONSUMPTION OVER THE LAST TWO YEARS, IT REMAINS STRONG.CFO SAYS BUSINESS WITH CHINESE TOURISTS IN EUROPE ALSO DEPENDS ON EXCHANGE RATES.CFO SAYS CHINESE GOVERNEMENT HAS SIGNALLED RECENTLY INCREASED BORDER CONTROLS, WANTS DEMAND TO COME ONSHORE INTO CHINA.CFO SAYS ACQUISITION-RELATED CHARGES IN H1 MOSTLY RELATED TO AMORTISATION OF INTANGIBLE ASSETS AT ONLINE DISTRIBUTORS.CFO SAYS SHARE OF ONLINE SALES FOR ITS WATCHES AND JEWELLERY STILL IN LOW SINGLE-DIGIT AREA.CFO SAYS SEES MEANINGFUL OPPORTUNITIES TO GROW LEATHER CATEGORY ORGANICALLY, M&A NOT ON TOP OF THE AGENDA TODAY.CFO SAYS WATCH WHOLESALE NUMBERS REFLECT SELL-IN, SELL-OUT TO CUSTOMERS IS ACTUALLY HIGHER, CLOSER TO TRENDS SEEN IN RETAIL.  Full Article

Richemont SA Says It Proposes Guieysse as Executive Director To Board
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Compagnie Financiere Richemont SA ::SAYS PROPOSES MS SOPHIE GUIEYSSE FOR ELECTION AS AN EXECUTIVE DIRECTOR TO BOARD OF DIRECTORS OF COMPAGNIE FINANCIÈRE RICHEMONT SA.SAYS GUIEYSSE IS CURRENTLY GROUP HUMAN RESOURCES DIRECTOR OF RICHEMONT AND A MEMBER OF ITS SENIOR EXECUTIVE COMMITTEE.SAYS GUIEYSSE JOINED RICHEMONT IN HER CURRENT CAPACITY IN OCTOBER 2017 FROM DIOR.  Full Article

YNAP's Shares Delisting Effective June 20
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Ynap ::DELISTING OF ORDINARY SHARES OF YOOX NET-A-PORTER GROUP S.P.A. EFFECTIVE 20 JUNE 2018.RLG ITALIA HOLDING S.P.A. CARRIED OUT THE JOINT PROCEDURE TO COMPLY WITH THE PURCHASE OBLIGATION.  Full Article

Piquadro Acquires Lancel International from Richemont
Monday, 4 Jun 2018 

June 4 (Reuters) - Piquadro SpA ::SAYS SIGNS CONTRACT TO ACQUIRE LANCEL INTERNATIONAL FROM RICHEMONT AND COMPLETES THE ACQUISITION.AS PRICE FOR ACQUISITION, RICHEMONT SHALL RECEIVE SHARE OF PROFITS EARNED BY LANCEL GROUP IN TEN YEARS FOLLOWING THE CLOSING, MAX EURO 35 MILLION.  Full Article

Richemont announces purchase of 3.1 mln newly issued Yoox shares
Friday, 25 May 2018 

May 25 (Reuters) - Compagnie Financiere Richemont SA ::PURCHASE OF 3'144'146 NEWLY ISSUED ORDINARY YNAP SHARES FOLLOWING EXERCISE OF STOCK OPTIONS.THIS WAS IN EXECUTION OF A SERIES OF PUT AND CALL AGREEMENTS ENTERED INTO WITH THE OFFEROR BY EACH OF THE RELEVANT BENEFICIARIES.  Full Article

YNAP To Delist From Italian Bourse As Of June 20
Friday, 25 May 2018 

May 25 (Reuters) - YNAP ::DURING SELL-OUT PROCEDURE, RICHEMONT HAS SURPASSED 95 PERCENT THRESHOLD OF YNAP.BORSA ITALIANA TO ORDER DELISTING AS OF 20 JUNE 2018, SUSPENDING SHARES ON 18 AND 19 JUNE 2018.  Full Article

Compagnie Financiere Richemont Reaches 95 Pct Of Yoox Net-A-Porter Group S.P.A.'S Ordinary Shares
Friday, 25 May 2018 

May 25 (Reuters) - Compagnie Financiere Richemont Sa ::RICHEMONT REACHES 95% OF YOOX NET-A-PORTER GROUP S.P.A.'S ORDINARY SHARES.  Full Article

BRIEF-Richemont has recruited CEO for Alibaba joint venture

* CEO SAYS HAS RECRUITED CEO FOR ALIBABA JOINT VENTURE, BUT HAS OTHER POSITIONS TO FILL Further company coverage: (Reporting by Silke Koltrowitz)