|Bid||90.12 x N/A|
|Ask||99.60 x N/A|
|Day's range||93.36 - 95.98|
|52-week range||93.36 - 147.40|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||21.96|
|Forward dividend & yield||2.00 (1.85%)|
|Ex-dividend date||21 Sept 2021|
|1y target est||153.28|
Talks between luxury group Richemont and an unspecified number of industry players to create a joint online platform are going "well" but are taking time, the group's executives said. The group announced in November that it was in talks to relinquish control of its online retail business YOOX Net-a-Porter (YNAP), notably by selling a stake to Farfetch, but on Friday it only said discussions with its 'Luxury New Retail' partners were continuing. "We are in talks with a number of partners, and the talks are going well," Richemont Chairman Johann Peter Rupert told reporters.
ZURICH (Reuters) -Luxury goods group Richemont said on Friday discussions about its 'Luxury New Retail' partnership should be concluded "in the near future", after strong American demand for its jewellery and watches boosted net profit and sales in the 12 months to March. The maker of Cartier jewellery had been expected to give an update on plans to relinquish control of its online retail business YOOX Net-a-Porter (YNAP), notably by selling a stake to Farfetch, but it only said discussions with its 'Luxury New Retail' partners were continuing. The world's second biggest luxury group said it was well positioned to benefit from any resurgence in consumer demand, but was maintaining the necessary flexibility to manage global uncertainties.
Compagnie Financière Richemont SA / Key word(s): Annual Results20-May-2022 / 07:31 CET/CESTRelease of an ad hoc announcement pursuant to Art. 53 LRThe issuer is solely responsible for the content of this announcement. Group highlights Significant step change in Group sales and operating profit, reaching € 19 181 million and € 3 390 million, respectively Increased proposed dividend of CHF 2.25 per 1 ‘A’ share / 10 ‘B’ shares and additional special dividend of CHF 1.00 per ‘A’ share/10 ‘B’ shares