CFRUY Stock Recent News

Luca Solca, sector head for global luxury goods at Bernstein, weighs in on Richemont's full-year results and its outperformance in the luxury jewelry segment.

Richemont reported a 7% increase in fourth-quarter sales on Friday, helped by strong demand for high-end jewellery in the United States, which offset weaker performance in its watch division, particularly in Asia. The Swiss luxury group, which owns Cartier and Van Cleef & Arpels, generated €5.17 billion in sales in the three months to March, slightly ahead of analyst expectations.

Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales as wealthy spenders shrug off macroeconomic uncertainty. Revenues at the Swiss luxury group rose to 5.17 billion euros, above the 4.98 billion euros

The Cartier owner's core jewelry division drove sales as the luxury sector contends with slowing demand and an unpredictable global trade spat.

Cartier owner Richemont reported a slightly better-than-expected 7% rise in quarterly sales on Friday as brisk luxury jewellery business in the United States partly offset weaker demand for watches in Asia.

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.