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United Kingdom

Compagnie Financiere Richemont SA (CFRJ.J)

CFRJ.J on Johannesburg Stock Exchange

11,614.00ZAc
23 May 2018
Change (% chg)

-145.00 (-1.23%)
Prev Close
11,759.00
Open
11,771.00
Day's High
12,000.00
Day's Low
11,565.00
Volume
3,840,235
Avg. Vol
4,053,988
52-wk High
13,153.00
52-wk Low
10,151.00

Latest Key Developments (Source: Significant Developments)

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

YNAP Says CEO Federico Marchetti Exercised 2,417,147 Stock Options At Strike Price Of Euro 32,466
Wednesday, 23 May 2018 

May 23 (Reuters) - Ynap ::TODAY CEO FEDERICO MARCHETTI, EXERCISED OVERALL N. 2,417,147 STOCK OPTIONS AT A STRIKE PRICE OF EURO 32,466.IN ACCORDANCE WITH AGREEMENTS WITH RLG, 3,144,146 ORDINARY YNAP SHARES FROM STOCK OPTIONS TO BE TRANSFERRED TO OFFEROR ON 25 MAY AT EURO 38,00/SHARE.  Full Article

YNAP's CEO Enters Agreement With RLG To Transfer 2.4 Mln Shares
Tuesday, 22 May 2018 

May 22 (Reuters) - Yoox Net-A-Porter Group SpA ::SAID ON MONDAY THAT CEO FEDERICO MARCHETTI ENTERED AN AGREEMENT WITH RLG ITALIA HOLDING SPA TO TRANSFER 2.4 MILLION SHARES AT 38 EUROS PER SHARE AS PART OF THE BID LAUNCHED BY COMPAGNIE FINANCIERE RICHEMONT SA .RLG ITALIA HOLDING SPA IS INDIRECTLY OWNED BY COMPAGNIE FINANCIERE RUPERT SA.  Full Article

Richemont says Cartier healthy now, to regain market share
Friday, 18 May 2018 

May 18 (Reuters) - Compagnie Financiere Richemont SA ::CFO SAYS JEWELLERY MAISON MARGINS ARE AT HIGH LEVEL, MUST TAKE CARE TO PROTECT THOSE MARGINS.CFO SAYS CARTIER IS IN A VERY HEALTHY SITUATION.CFO SAYS HEALTHY RETAIL SELL-OUT IS ENCOURAGING, WHOLESALE SELL-OUT SHOULD ALSO IMPROVE.CFO SAYS YNAP ACQUISITION, DUFRY STAKE DO NOT MEAN RICHEMONT SEEKS MORE EXPOSURE TO SOFT LUXURY CATEGORIES, RATHER ACCESS TO NEW DISTRIBUTION CHANNELS.CFO SAYS NOT MANY TARGETS IN LEATHER GOODS, PRIORITY TO GROW THIS BUSINESS ORGANICALLY.CFO SAYS WANTS TO GROW DIVIDEND YEAR AFTER YEAR.CARTIER CEO SAYS AVERAGE PRICING IS INCREASING AT CARTIER.CFO SAYS NOT HAPPY TO LOSE MARKET SHARE IN WATCHES, BUT LONG-TERM DEVELOPMENT IS MORE IMPORTANT.CARTIER CEO SAYS CONFIDENT TO REGAIN MARKET SHARE.  Full Article

YNAP Q1 Revenue At EUR 518 Mln
Monday, 14 May 2018 

May 14 (Reuters) - YNAP ::SAYS Q1 REVENUE EUR 518 MILLION VERSUS THOMSON REUTERS SMART ESTIMATE OF EUR 552 MILLION.SAYS Q1 SALES UP 7.9 PERCENT Y/Y AT CONSTANT CURRENCIES, UP 0.5 PERCENT REPORTED.SEES ORGANIC GROWTH IN REVENUES IN 2018 IN LINE WITH ITS STRATEGIC PLAN.SEES IN 2018 IMPROVEMENT IN ADJUSTED EBITDA AT CONSTANT CURRENCIES.PLANS TO INVEST APPROXIMATELY EURO 170 TO 180 MILLION IN 2018 AND IMPROVE FREE CASH FLOW ABSORPTION Y/Y.  Full Article

Compagnie Financiere Richemont Says ‍CONSOB Approved‍ Offer Document For YNAP​
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Compagnie Financiere Richemont Sa ::‍APPROVAL BY CONSOB OF OFFER DOCUMENT FOR YNAP​.COMPAGNIE FINANCIERE RICHEMONT -‍CONSOB APPROVED OFFER DOCUMENT RELATED TO VOLUNTARY PUBLIC TENDER OFFER LAUNCHED BY RLG ITALIA HOLDING S.P.A.​.  Full Article

Richemont CFO says stock levels at watch retailers still too high
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Richemont Sa Cfo :Says now has management structure in place to meet challenges‍​.Says inventories at trade partners are still higher than we'd like them to be.Says watch sales through wholesale network flat in h1 without impact of inventory buyback.Says double-digit growth rates in jewellery have held up in recent months.Says currently has 7.5 percent stake in dufry, no plans to increase it.Says currently no plans to further reduce manufacturing capacity.  Full Article

Richemont says Chloe on its way to replicate Van Cleef success
Friday, 4 Nov 2016 

Richemont : Chairman says no acquisition and "definitely no sale in mind" .Richemont says Chloe is on its way to replicate success of Van Cleef & Arpels.  Full Article

BRIEF-Richemont announces purchase of 3.1 mln newly issued Yoox shares

* PURCHASE OF 3'144'146 NEWLY ISSUED ORDINARY YNAP SHARES FOLLOWING EXERCISE OF STOCK OPTIONS