Morgan Stanley lifts Richemont stock to Overweight, target to CHF200
Morgan Stanley (NYSE:MS) analysts upgraded the stock rating of luxury goods company Compagnie Financiere Richemont SA (JO:CFRJ) (CFR:SW) (OTC: CFRUY) from Equalweight to Overweight, simultaneously ...
Will Luxury Bounce Back in 2025? It's Hard to Call
Richemont's surprise 10 percent uptick in third-quarter revenue sent a jolt of energy - and hope - through the markets, but analysts remain divided as to whether the luxury giant's success signals a ...
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South Africa’s richest man, Johan Rupert, gains $2.7 billion in 1 month
Johan Rupert, South Africa’s wealthiest individual and the current richest person in Africa according to Forbes’ real-time billionaire index, has ...
MoneyWeek14d
Luxury stocks rally after Richemont sales boom – is there hope for the sector?
Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world
Sales in the Asia-Pacific region fell 7% in the third quarter, dragged down by an 18% drop in China, Hong Kong, and Macau. Richemont reported healthier sales elsewhere in Asia, with "positive results" ...
MarketWatch22d
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. Richemont, whose brands include ...
WWD on MSN17d
Richemont CFO Burkhart Grund to Join Mytheresa Supervisory Board
Grund will join the supervisory board of Mytheresa once its deal to buy Yoox Net-a-porter from Richemont is completed, which ...
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt ...
Yahoo Finance22d
Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors
LONDON — Richemont has begun 2025 with a bang, surprising the markets with a 10 percent uptick in third-quarter revenue that sent luxury share prices soaring. Following an unexpectedly strong ...
Reuters22d
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround
ZURICH, Jan 16 (Reuters) - Richemont (CFR.S), opens new tab, the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year ...
Wall Street Journal22d
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
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.
LVMH Drags Down Luxury Shares as Budding Hopes Fade
While LVMH's results "challenge the sector narrative that all luxury companies have seen the acceleration" seen at Richemont ...