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%. By contrast, Signet Jewelers ...
(Bloomberg) -- Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on the Swiss luxury group’s Cartier jewelry. Sales at constant ...
In its retail channel, third quarter sales grew 11%, led by Richemont’s jewelry houses. This division, which includes Buccellati, Cartier, Van Cleef & Arpels and Vhernier, makes up 71% of the ...
WHAT TO WATCH: -- JEWELRY RESILIENCE: The strength of Richemont lies in its exposure to jewelry, which is a popular category, as it is seen as a long-term investment purchase, Barclays analysts ...
Furthermore, Richemont’s brands are set to capitalize on the trend of consumers gravitating towards branded jewelry with strong legacy and timeless appeal. The strategic focus on innovation and ...
Cartier owner Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.
Investing.com -- Luxury goods group Compagnie Financière Richemont (SIX:CFR) has been upgraded to a "buy" rating by analysts at TD Cowen, citing strong prospects for its jewelry division ...
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates. Richemont, whose brands include ...
Richemont owns Cartier and Van Cleef & Arpels, two sought-after jewelry brands. This segment, known as hard luxury, often does better in times of uncertainty as jewelry tends to be more timeless ...
Investing.com -- Luxury goods group Compagnie Financière Richemont (SIX:CFR) has been upgraded to a "buy" rating by analysts at TD Cowen, citing strong prospects for its jewelry division, particularly ...