Luxury stocks rally after Richemont sales boom | MoneyWeek
3 days ago · While Richemont’s overall global sales grew by 10%, its US sales did even better, ... says Carol Ryan in The Wall Street Journal, especially since China “is still in the doldrums”. But while ...
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks - MSN
The Wall Street Journal. Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks. ... Richemont said Thursday that it generated sales of 6.15 billion euros ($6.33 billion) for the three months ...
European Luxury Stocks Jump on Richemont's Record Quarterly …
Jan 16, 2025 · She previously worked at The Wall Street Journal and Bloomberg. Learn about our editorial policies. Published January 16, 2025 ... Richemont stock rose almost 16% in Swiss trading, sending shares ...
Cartier-owner Richemont beats expectations as jewellery sales …
Jan 16, 2025 · Swiss luxury group Richemont sparked a surge in luxury stocks on Thursday as it reported stronger than expected sales in the final three months of 2024, boosted by demand in the US for its...
Richemont stock is surging by the most ever. Other luxury plays …
Jan 16, 2025 · The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
Wall Street rally loses steam as European luxury shares advance
Jan 16, 2025 · Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.The Paris ...
Heard on the Street: Luxury Investors Press ‘Buy Now’ Too Early
Jan 16, 2025 · American shoppers seem to be snapping up luxury again, but investors should still shop carefully. European luxury stocks rose across the board Thursday after Richemont's far better-than-expected...
Richemont’s Shares Surge After Sales Show Resilience
Jan 18, 2024 · Shares in Richemont jumped in early trade after the Swiss luxury-goods company posted resilient sales growth in its fiscal third quarter despite a slight slowdown and damped sentiment in the...
Richemont says it is not for sale after reporting record earnings
May 12, 2023 · Richemont has sought to quash speculation over takeover approaches after jewellery sales and a rebound in China drove the Swiss luxury group to record earnings.
Richemont’s profits disappoint in latest sign of luxury industry …
Nov 10, 2023 · Swiss luxury group Richemont blamed a weaker economic backdrop and geopolitical tensions as the owner of the Cartier jewellery brand reported weaker than expected first-half profits.
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