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Richemont restarts search for new owner for YNAP, Retail News, ET Retail

Richemont: "We re preparing the process to identify a future majority shareholder or a majority that can go up to 100% for YNAP," Grund told analysts. ....

Burkhart Grund , Farfetch Holdings , Luxury Retailer ,

Luxury group Richemont's sales surge in China, boosting its shares, ET Retail

Richemont, one of the world s biggest luxury groups after France s LVMH, China s improvement helped push it towards its highest ever quarterly sales in the three months to the end of December, noting a sequential acceleration, with December being the strongest month. ....

Hong Kong , United States , Kepler Cheuvreux , Burkhart Grund , Jon Cox , Financial Officer Burkhart Grund , Luxury Sector , Burkhart Grund ,

Richemont Reports Slower Growth in Key Holiday Period

Cartier's parent saw Q3 revenue rise 4 percent at actual exchange rates to 5.6 billion euros, as luxury growth continues to ease worldwide. ....

Van Cleef Arpels , Mainland China , Compagnie Financi , Van Cleef , Yoox Neta Porter , Xchange Rates , Holiday Sales , Fiscal Quarter , Difficult Period , Van Cleef Arpels ,

Luxury group Richemont's sales jump in China while Europe slips

ZURICH (Reuters) -Cartier jewellery owner Richemont painted a mixed picture of the luxury sector in its latest results on Thursday, reporting a sales decline in Europe but a big increase in China. The Swiss-based company said sales in constant currencies, which remove foreign exchange fluctuations, fell 3% in Europe as higher sales to Chinese tourists and domestic customers failed to compensate for lower spending by travellers generally, particularly from the United States. Sales increased by 25% in China, including Hong Kong and Macau, the company said, countering concerns about a slowdown in the region as its economy cools. ....

United States , Hong Kong , John Revillediting , Miranda Murray , Kepler Cheuvreux , Van Cleef Arpels , Jon Cox , David Goodman , John Revill , Luca Solca , Van Cleef , Rashmi Aich , Sales Decline ,

Strong demand in China lifts Richemont

Shares in Richemont sparked on Thursday after the Swiss owner of Cartier posted a jump in quarterly sales, driven by strong demand in China. ....

Hong Kong , Van Cleef Arpels , Asia Pacific , Van Cleef , Category All , Category Company News , Category News And Announcements , Category International Companies , Category Headline News ,