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Compagnie Financière Richemont SA (CFR.SW)

Swiss - Swiss Delayed price. Currency in CHF
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94.80+1.82 (+1.96%)
At close: 05:30PM CEST
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  • Bloomberg

    Richemont’s Rupert Forecasts ‘Volatile Times’ Amid Global Crises

    (Bloomberg) -- Richemont shares plunged the most in more than two years after the Cartier owner said Chinese demand will be slower to recover than expected, clouding prospects for a market that’s fueled the luxury industry’s recent growth.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightElon Musk Gets Defensive Over Twitter Meme as Harassment Report SurfacesStocks Avert Bear Market, Slide for Seventh Week: Markets WrapRuble Hits 5-Year

  • Reuters

    Richemont says YNAP talks are "taking time"

    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.