European Luxury Stocks Rise

European Luxury Stocks Jump on Richemont's Record Quarterly Sales
KEY TAKEAWAYS European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales.Richemont's results raised investor hopes that the high-end sector is recovering from the slump induced by weak Chinese demand.
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
European Stocks Gain as Richemont’s Sales Jump Lifts Luxury
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.
European Luxury Stocks Rise After Cartier Owner Richemont Beats Expectations
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround
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.
Cartier Owner Richemont’s Sales Jump in Sign of Luxury Rebound
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods.
Cartier owner Richemont sales rise 10% in December quarter despite ongoing China weakness
Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
Cartier owner Richemont sales surge shows strength of top end luxury
Richemont, the owner of Cartier jewellery, beat market expectations for third-quarter sales on Thursday, fuelling hopes that the luxury sector could be coming out of its recent downturn. The Swiss company's sales jumped 10% year-on-year to 6.
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