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Compagnie Financiere Richemont SA

CFRJ.J

Latest Trade

11,034.00ZAc

Change

-53.00(-0.48%)

Volume

255,861

Today's Range

10,960.00

 - 

11,102.00

52 Week Range

8,867.00

 - 

12,545.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Richemont CFO says wants to focus on developing own jewellery brands

Nov 8 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::CFO SAYS WANTS TO FOCUS ON DEVELOPING ITS OWN JEWELLERY BRANDS VAN CLEEF, CARTIER, NOW ALSO BUCCELLATI.CFO SAYS HONG KONG REMAINS AN IMPORTANT MARKET FOR US, LOOKING AT LOWERING RENTAL COSTS THERE.CFO SAYS NOT ACTIVELY DEFINING ACQUISITION TARGETS, BUT WE HAVE RARELY BUILT BUSINESS FROM SCRATCH.CFO SAYS HAVE ALWAYS BEEN OPEN TO ACQUISITION ACTIVITY, WILL SPEND MONEY WHEN WE SEE AN OPPORTUNITY.CFO SAYS HAS NEVER SOLD STOCK TO FINANCE AN ACQUISITION, DOESN'T WANT TO SPECULATE ABOUT THE FUTURE.CFO SAYS NO PLANS TO ABANDON HONG KONG MARKET THAT IS ALSO IMPORTANT FOR LOCAL CLIENTELE.CEO SAYS STILL MONITORING WATCH INVENTORY LEVELS AT THIRD-PARTY RETAILERS VERY CLOSELY.CEO SAYS SELL-OUT OF WATCH BRANDS HIGHER THAN SELL-IN, STOCK LEVELS ARE GOING DOWN.CEO SAYS NO PLANS TO CUT JOBS IN WATCH BUSINESS.CFO DECLINES TO COMMENT ON WHETHER COMPANY HAS HIRING FREEZE IN PLACE.

Richemont says confident for jewellery business in H2

Nov 8 (Reuters) - Richemont <CFR.S>::CFO SAYS JEWELLERY BRANDS HIT BY HONG KONG SLOWDOWN IN Q2, BUT CONFIDENT ON HIGH JEWELLERY PERFORMANCE IN SECOND HALF.CFO SAYS ON TRACK TO REACH EBIT-NEUTRAL POSITION ON ONLINE DISTRIBUTORS.CFO SAYS HIGH JEWELLERY INVOICING WILL HAPPEN IN H2.CFO SAYS HONG KONG MARKET VERY EXPOSED TO WATCHES AND JEWELLERY, SAW "SEVERE DROP" IN Q2.CFO SAYS INVESTMENTS AT ONLINE DISTRIBUTORS WERE PLANNED, NO NEGATIVE SURPRISE THERE.CEO SAYS WILL KEEP BUYING VARIOUS WATCH COMPONENTS FROM SWATCH GROUP, BUT RICHEMONT NOW MAKES MOST OF ITS MOVEMENTS.CEO SAYS CAN ADAPT TO SITUATION WHATEVER SWATCH GROUP'S POLICY WILL BE NEXT WEEK AFTER SUPPLY AGREEMENT WITH COMPETITION WATCHDOG WEKO EXPIRES.

Richemont Says It Acquires Italian Jewellery Maison Buccellati

Sept 27 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::RICHEMONT ACQUIRES BUCCELLATI.HAS ACQUIRED 100% OF BUCCELLATI HOLDING ITALIA S.P.A., OWNER OF BUCCELLATI, RENOWNED ITALIAN JEWELLERY MAISON.TRANSACTION CLOSED ON 26 SEPTEMBER 2019 AND WILL HAVE NO MATERIAL FINANCIAL IMPACT ON RICHEMONT'S CONSOLIDATED NET ASSETS OR OPERATING RESULT FOR YEAR ENDING 31 MARCH 2020.

Richemont Sees Alibaba JV Operational At End Of September

Sept 11 (Reuters) - CFR <CFR.S> chairman at AGM::BREXIT, GEOPOLITICAL TENSIONS HAVE POTENTIAL TO SIGNIFICANTLY HARM OUR INDUSTRY.WATCH BRANDS NOW IN BETTER POSITION THAN MANY COMPETITORS THANKS TO STOCK BUYBACKS.EXPECTS JOINT VENTURE WITH ALIBABA TO BECOME OPERATIONAL AT END OF THIS MONTH.GROUP'S STRONG BALANCE SHEET AND STAFF WILL HELP "TO SEE US THROUGH THESE UNEASY TIMES AND ACHIEVE OUR LONG-TERM AMBITIONS".

Richemont’s Eric Vallat To Step Down For Personal Reasons -Statement

Sept 10 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::RICHEMONT ANNOUNCES THAT MR ERIC VALLAT, HEAD OF FASHION & ACCESSORIES MAISONS, WILL STEP DOWN FROM HIS CURRENT POSITION AND FROM SENIOR EXECUTIVE COMMITTEE FOR PERSONAL REASONS.CHANGE IS EFFECTIVE 26 OCTOBER 2019.

Richemont has recruited CEO for Alibaba joint venture

May 17 (Reuters) - Richemont <CFR.S>::CEO SAYS HAS RECRUITED CEO FOR ALIBABA JOINT VENTURE, BUT HAS OTHER POSITIONS TO FILL.

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

May 17 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::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.

Richemont CFO says focus on managing sell-in will remain in H2

Nov 9 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::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.

Richemont says October sales back on H1 level after dip in September

Nov 9 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::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.

Richemont SA Says It Proposes Guieysse as Executive Director To Board

July 17 (Reuters) - Compagnie Financiere Richemont SA <CFR.S>::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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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