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Compagnie Financiere Richemont SA (CFR.S)

CFR.S on Virt-X Level 1

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18 Jul 2019
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China growth helps Richemont offset sales weakness in Europe

PARIS Strong demand in mainland China helped Cartier-owner Richemont offset a weaker performance elsewhere in its first quarter, as protests in Hong Kong hit sales, revenues fell in Europe and it kept a tight leash on watch inventory.

China growth helps Richemont offset sales weakness in Europe

PARIS Strong demand in mainland China helped Cartier-owner Richemont offset a weaker performance elsewhere in its first quarter, as protests in Hong Kong hit sales, revenues fell in Europe and it kept a tight leash on watch inventory.

UPDATE 1-China growth helps Richemont offset sales weakness in Europe

PARIS, July 18 Strong demand in mainland China helped Cartier-owner Richemont offset a weaker performance elsewhere in its first quarter, as protests in Hong Kong hit sales, revenues fell in Europe and it kept a tight leash on watch inventory.

China growth helps Richemont offset sales weakness in Europe

PARIS, July 18 Strong sales in Asia helped Cartier owner Richemont on Thursday post a 9% rise in comparable revenue for the quarter to June 30, offsetting a weaker performance in Europe and in spite of protests in Hong Kong which weighed on sales.

Richemont executive buys shares worth $248 mln

ZURICH, June 11 A senior executive at Richemont has bought 245.8 million Swiss francs ($247.6 million) worth of shares in the luxury goods group since May 22, filings on the SIX Swiss stock exchange website show.

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)

Weak profitability eclipses strong China, U.S. sales at Richemont

ZURICH Luxury goods group Richemont reported weak profitability in its watch business and online distributors in its past financial year, taking the shine off a solid sales performance in China and the United States.

UPDATE 2- Weak profitability eclipses strong China, U.S. sales at Richemont

* Shares down 1.2%, lag sector index (Adds management, analyst comment, background, shares.)

BRIEF-Richemont says had double-digit sales growth in mainland China, U.S.

* EXEC SAYS GROUP HAD VERY GOOD MOMENTUM IN THE U.S. WITH DOUBLE-DIGIT GROWTH

Richemont posts solid watch and jewellery sales for its full year

ZURICH, May 17 Luxury goods group Richemont said sales of its watches and jewellery both grew by 10 percent in the year to the end of March, with the Americas and Asia performing well.

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