CFRUY Stock Recent News

Cartier jewellery owner Richemont reported a 4% in sales during its third quarter on Thursday, as the world's second-largest luxury group became the latest company in the sector to post a slowdown in demand.

Cartier-owner Richemont on Monday said it had scrapped an agreement to sell part of its online fashion and accessories business Yoox Net-A-Porter (YNAP) to online luxury retailer Farfetch Holdings.

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be considering becoming a private company, Reuters reported.

Farfetch Limited (NYSE:FTCH) shares sunk further on Wednesday after luxury conglomerate Richemont said it will not inject any cash into online luxury retailer amid reports that the latter is exploring going private. Farfetch founder Jose Neves is reportedly considering the move after a troubled New York Stock Exchange listing for the British company.

Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's FTCH.N founder said he was considering taking the online luxury retailer private.

Number 1 in hard luxury category. 27 luxury maisons with histories stretching back to 1755. P/E of 14x (historical average of 21x).

Compagnie Financiere Richemont SA (OTCPK:CFRHF) Q2 2024 Earnings Call Transcript November 10, 2023 3:30 AM ET Company Participants Sophie Cagnard - Corporate Communications and IR Director Burkhart Grund - CFO Jerome Lambert - CEO Cyrille Vigneron - Cartier CEO Johann Rupert - Chairman Conference Call Participants Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Research Zuzanna Pusz - UBS Luca Solca - Bernstein Antoine Belge - BNP Paribas Exane Edouard Aubin - Edouard Aubin Jon Cox - Kepler Cheuvreux Thierry Cota - Societe Operator Ladies and gentlemen, welcome to the Richemont Full Year '24 Interim Results Presentation. I am Alice, your call operator.

Shares in Richemont led Europe's luxury goods sector lower on Friday, after the Swiss-based group said geopolitical angst and a weakening European economy had delivered lower than expected first-half profits.

Richemont is a Swiss luxury goods company. The company has achieved consistent growth owing to its strong brands, such as Cartier, as well as its growing popularity in luxury goods. We expect continued revenue growth in line with what has been achieved historically, although tailwinds from China could improve this in the short term. This said, we highlight that China. Margin improvement has been driven by price action, with demand remaining strong in spite of this due to an increase in wealth prior to the successive rate hikes.

Investors looking for stocks in the Retail - Jewelry sector might want to consider either Signet (SIG) or Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks is more attractive to value investors?