Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
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.
European Luxury Stocks Jump on Richemont's Record Quarterly Sales
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 weak Chinese demand.
Richemont Sales Soar in Early Sign of Luxury Recovery
Richemont sales unexpectedly jumped by a double-digit percentage during the holiday shopping season as consumers splurged on Cartier jewelry, lifting shares across the luxury-goods sector on hopes of a rebound.
Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world
Cartier owner Richemont reported record quarterly sales on Thursday, beating expectations as a slump in key market China was offset by robust demand in other regions. The group said sales reached €6.2 billion ($6.
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.
Shares of Cartier owner Richemont surge on sales beat
Overtime' to discuss luxury stock earnings.
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Wall Street rally loses steam as European luxury shares advance
Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed ...
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Wall Street stocks rally loses steam
Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher. European and ...
Richemont Rises And Signet Falls As Jewelry Market Splinters Between True And Accessible Luxury
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday ...