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Richemont CFO says wants to focus on developing own jewellery brands
Richemont says confident for jewellery business in H2
Richemont Says It Acquires Italian Jewellery Maison Buccellati
Compagnie Financiere Richemont SA (Richemont) is a Switzerland-based jewelry company. The Company's segments include Jewellery Maisons and Specialist Watchmakers. The Jewellery Maisons segment includes businesses, which are engaged in the design, manufacture and distribution of jewelry products. The businesses include Cartier, Van Cleef & Arpels and Giampiero Bodino. Its Specialist Watchmakers segment includes businesses whose primary activity includes the design, manufacture and distribution of precision timepieces. The businesses in the Watchmakers segment include Piaget, A. Lange & Sohne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier and Roger Dubuis. The Company's other operating segments include Montblanc, Alfred Dunhill, Chloe, Purdey, Shanghai Tang, Peter Millar, investment property companies and other manufacturing entities.
Chemin de la Chenaie 50
Johann P. Rupert
Chairman of the Board of Directors
Chief Executive Officer, Member of the Group Management Committee and Senior Executive Committee, Executive Director
Independent Non-Executive Deputy Chairman of the Board of Directors
Chief Financial Officer, Member of the Group Management Committee and Senior Executive Committee, Executive Director
Group Human Resources Director, Member of the Group Management Committee and Senior Executive Committee, Executive Director
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Richemont <CFR.S>, the world's second-biggest luxury goods group, reported on Friday a 4% rise in third quarter sales, helped by double-digit growth in China and South Korea, which offset tumbling sales in Hong Kong and Japan.
Sales growth at luxury goods group Richemont slowed as political unrest in Hong Kong weighed on turnover in the three months to Dec. 31, the Swiss group said on Friday.
Real estate holding Eastern Property, which owns elite business centres in Moscow, extended lease agreements with Swiss luxury goods group Richemont Group and Chanel, an official for Eastern Property's management company said.
Richemont offers a sparkling vision to Tiffany & Co’s suitors. Though the Swiss group on Friday reported disappointing results, the power of its Cartier and Van Cleef & Arpels brands shone through. The high-end jewellers convert an impressive third of their revenue into...
* CFO SAYS JEWELLERY BRANDS HIT BY HONG KONG SLOWDOWN IN Q2, BUT CONFIDENT ON HIGH JEWELLERY PERFORMANCE IN SECOND HALF
Shares in luxury goods group Richemont <CFR.S> fell over 5% on Friday after it said political protests in Hong Kong weighed on first half sales and reported higher than expected losses at recently-acquired online distributors.
* CFO SAYS WANTS TO FOCUS ON DEVELOPING ITS OWN JEWELLERY BRANDS VAN CLEEF, CARTIER, NOW ALSO BUCCELLATI
Luxury goods group Richemont said political protests in Hong Kong weighed on sales growth in the six months to Sept. 30, but strong demand in the rest of China, Korea, Japan and the United States more than made up for this.
Richemont <CFR.S> said on Friday that it was teaming up with former Lanvin designer Alber Elbaz for a new venture at a time when luxury goods groups are vying to make star hires.
French spirits group Remy Cointreau <RCOP.PA> said on Wednesday it had picked Richemont's <CFR.S> Eric Vallat as its new chief executive officer.
* BREXIT, GEOPOLITICAL TENSIONS HAVE POTENTIAL TO SIGNIFICANTLY HARM OUR INDUSTRY
Luxury goods group Richemont <CFR.S> said its head of fashion and accessories, Eric Vallat, had decided to leave to pursue a "wonderful opportunity outside the group" after just over a year in the job.
Strong demand in mainland China helped Cartier-owner Richemont <CFR.S> offset a weaker performance elsewhere in its first quarter, as protests in Hong Kong hit sales, revenues fell in Europe and its watch business faltered.
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.
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.
* CEO SAYS HAS RECRUITED CEO FOR ALIBABA JOINT VENTURE, BUT HAS OTHER POSITIONS TO FILL Further company coverage: (Reporting by Silke Koltrowitz)
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.
* EXEC SAYS GROUP HAD VERY GOOD MOMENTUM IN THE U.S. WITH DOUBLE-DIGIT GROWTH
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.
Cartier owner Richemont <CFR.S> 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.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.