CFRUY Stock Recent News

Here is how Compagnie Financiere Richemont AG (CFRUY) and Kingfisher PLC (KGFHY) have performed compared to their sector so far this year.

The global luxury industry is bracing for its longest downturn in more than two decades, as Donald Trump's sweeping new tariffs fuel concerns of a worldwide recession. Hopes that affluent Americans might prop up the struggling sector are fading, with Wall Street analysts warning of sliding sales and profits across the $400-billion-a-year industry.

Here is how Compagnie Financiere Richemont AG (CFRUY) and Kingfisher PLC (KGFHY) have performed compared to their sector so far this year.

Here is how Compagnie Financiere Richemont AG (CFRUY) and Meritage Hospitality Group Inc. (MHGU) have performed compared to their sector so far this year.

Luxury company Richemont on Friday announced changes to its senior management, with the bosses of jewellery companies Cartier and Van Cleef joining its executive committee.

Richemont's Q3 results exceeded expectations with €6.15 billion in sales, driven by strong performance in the Jewellery Maisons division, aligned with our investment thesis. Despite a decline in the Specialist Watchmakers segment, Richemont showed double-digit growth in key regions and a solid balance sheet with €7.9 billion in net cash. From a discounted valuation, Richemont is now fully priced at P/E and is aligned with peers on a dividend yield basis. We moved our rating to neutral.

Richemont of Cartier and Van Cleef & Arpels fame just delivered spectacular third quarter results, ending December 31 with its luxury jewelry brand revenues up 14%.

CNBC's Robert Frank joins 'Closing Bell: Overtime' to discuss luxury stock earnings.

European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.

CNBC's Charlotte Reed reviews the quarterly results of Cartier owner Richemont.