CFRUY Stock Recent News

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.

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Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a monthslong search by Richemont for a new owner for Yoox Net-a-Porter (YNAP).

Richemont reporting solid Q1 results, outperforming peers, even as luxury industry sentiment deteriorates. We have a supportive view thanks to the company's Jewelry category division and higher-than-expected cash. Richemont continues to be one of our favorite companies in the luxury segment. Our buy is confirmed.

Cartier owner Richemont's sales failed to budge in the first quarter of its 2025 financial year, delivering another warning sign for the global luxury sector. On an actualised basis, the Swiss global luxury giant's revenues slipped by 1%, down significantly from the 14% growth rate in the previous first quarter.

It's been a bad week for luxury amid a China-led slowdown for Swiss watchmakers and other luxury companies. On Monday, Swatch fell the most in four years as profit fell 70% while Burberry replaced its CEO and issued a profit warning.

Talks of consolidation in the luxury sector are growing after it was revealed Bernard Arnault, the owner of Louis Vuitton Moet Hennessy (EPA:MC), has built a stake in Cartier owner Richemont. Europe's richest man is believed to have purchased a stake too small to be disclosed in public records and is a personal investment, reports from the Financial Times revealed.

RBC has tipped ‘hard luxury' stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury' stocks, although analysts also gave LVMH an outperform rating. Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.

Upon a quick look at the stock market, one can spot multiple retail stocks that appear undervalued. However, investing in retail stocks can be challenging due to their cyclical nature and competitive end markets.