Potential Merger Talks Between LVMH and Richemont

Horlogerie suisse: alliance contre Bernard Arnault

Bernard Arnault's strategy to reposition LVMH in the luxury watch market includes acquiring Swiss watchmakers and potentially merging with Richemont. This move has prompted a coalition of luxury brands, including Rolex and Patek Philippe, to form an alliance aimed at thwarting LVMH's acquisition of valuable watchmaking assets from the Sandoz Foundation. Johann Rupert, CEO of Richemont, is also in negotiations with the Sandoz Foundation, indicating a proactive approach to securing Richemont's position in the competitive watch industry.

Richemont

Richemont reports decrease in demand from Greater China

Swiss watchmakers brace for slowing Chinese demand

Richemont has reported a decrease in demand from Greater China due to the ongoing trade war, indicating a potential slowdown in sales for the luxury goods company.

Richemont Appoints Nicolas Bose as New CEO

The jeweler boss was tasked with making Cartier-owned Richmond shine

The jewellery boss tasked with making Cartier-owner Richemont shine

Richemont Sales Slow in Fourth Quarter, as Group Names Nicolas Bos CEO

Richemont, a Swiss luxury group, has announced the appointment of Nicolas Bose as its new CEO, effective June 1, 2024. Bose, a Frenchman, has spent his entire career in Richmond and has been the chief executive and creative director of Van Cleef & Arpels for over a decade. The move is seen as a positive development by investors, with shares of Richemont rising 6 percent since the announcement.

Richemont's Sales Growth Slows in Fourth Quarter

Richemont reported a 2% increase in sales for the fourth quarter, indicating a deceleration in growth compared to expectations. The company is prioritizing the expansion of its online presence and investment in digital technologies.

Richemont Shares Rise on European Market Boost

European shares rise on defensive boost, post best week in 2 months

Richemont, along with other European luxury stocks, increased by nearly 3% on May 31, 2024, contributing to a 1.5% weekly gain for the European STOXX 600 index, its best performance in over two months.

Cartier Unveils 'Nature Sauvage' High Jewellery Collection in Vienna

From Vienna with love: Inside Cartier's trip to Austria

Cartier, a luxury jeweller owned by Richemont, has launched its new high jewellery collection, 'Nature Sauvage', in Vienna, Austria. The event marks a significant product launch for the brand, led by President and CEO Cyrille Vigneron.

Richemont Reports Significant Growth in Japan Sales

Breakingviews - Japan's luxury boom sparks wishful China thinking

Richemont has reported a 20% increase in annual revenue from Japan, driven by the weak yen and increased spending by visitors. This growth is part of a larger luxury boom in Japan, with other companies like Prada and LVMH also experiencing strong sales.

Richemont Releases Solid Quarterly Results

BROKERS’ NOTES: Buy Richemont, take profit from Harmony Gold

Richemont has released solid quarterly results, showing a robust performance across all regions, led by its jewellery businesses. The company's stock is considered cheap, with a forward p:e of 20, making it a good investment opportunity.

Richemont's Van Cleef & Arpels Hosts Poetry of Time Exhibition in London

Van Cleef & Arpels Hosts Poetry Of Time Exhibition In London

Van Cleef & Arpels, a Richemont Group brand, is hosting the Poetry of Time exhibition in London from May 26 to June 9, featuring exceptional timepieces and interactive elements. The exhibition showcases the brand's commitment to combining art, culture, and watchmaking, creating watches with a dimension of dreams and emotions.

Richemont Faces Headwinds in China, Room to Grow in the Americas

Luxury Faces Headwinds in China, Room to Grow in the Americas

Barclays warned of potential headwinds for luxury brands, including Richemont, in China due to pandemic-related restrictions. However, the report suggests that there is room for growth in the Americas, particularly in cities like Boston, Chicago, Dallas, Houston, and Washington, D.C.

Richemont is a leading luxury goods group that owns prestigious Maisons recognized for their excellence in jewelry, watches, fashion, and accessories. The company supports its Maisons in creating exceptional products, nurturing their heritage, and thriving in new and existing markets while setting unparalleled standards for service and embedding sustainable practices across its operations.

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas. The company operates through Jewellery Maisons, Specialist Watchmakers, and Online Distributors segments. It designs, manufactures, and distributes jewelry products; and precision timepieces, watches, and writing instruments, as well as clothing, and leather goods and accessories. The company offers its products under the Cartier, Van Cleef & Arpels, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Watchfinder & Co., YOOX, NET-A-PORTER, MR PORTER, The Outnet, Alaïa, Chloé, Montblanc, Peter Millar, Purdey, Serapian, TIMEVALLEE, dunhill, Delvaux, and AZ Factory brands through own boutiques and online stores. Compagnie Financière Richemont SA was incorporated in 1979 and is headquartered in Bellevue, Switzerland.

COM:RICHEMONT

Richemont

Last Close

118.60

21/11 16:31

Market Cap

78.49B

Beta: -

Volume Today

675.55K

Avg: -

Analysis Not Available