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.

Jan 16, 2025 · European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by ...

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.

5 days ago · Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?

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...

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.

Compagnie Financiere Richemont posted a slowdown in sales growth for the first-half of fiscal 2024 due to inflation, slowing economic growth and geopolitical tensions that hurt customer sentiment.

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 …

Jan 16, 2025 · Overnight, Asia-Pacific markets climbed on the back of Wall Street's rally. U.S. stock futures rose modestly as traders look ahead to more big bank earnings from Morgan Stanley and Bank of America.

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.