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Compagnie Financiere Richemont SA (CFRJ.J)

CFRJ.J on Johannesburg Stock Exchange

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Fri, May 17 2019

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.

French protests weigh on Richemont sales as China holds up

PARIS Cartier owner Richemont said "yellow vest" protests in France weighed on its sales at the end of 2018, but signalled healthy momentum within China that could bode well for some luxury goods rivals.

UPDATE 2-French protests weigh on Richemont sales as China holds up

* First big luxury group to report end of year sales (Adds analyst comments, shares)

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