Tag: Compagnie Financiere Richemont SA

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Shares of Cartier owner Richemont rise after full-year results
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May 17, 2024May 17, 2024Earnings

Richemont shares climb 6% on record full-year sales, new CEO

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Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even...

Major luxury brands deliver warnings tied to high-end spending
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November 16, 2023November 16, 2023Earnings

Burberry shares sink as luxury spending slowdown bites

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Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid...