|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||82.78 - 85.66|
|52-week range||44.64 - 87.94|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||N/A|
|Earnings date||06 Nov 2020|
|Forward dividend & yield||1.00 (1.17%)|
|Ex-dividend date||16 Sep 2020|
|1y target est||75.03|
Luxury group Richemont's digital chief, Geoffroy Lefebvre, will become chief executive of the group's online retailer Yoox Net-a-Porter (YNAP) in January, replacing the platform's founder Federico Marchetti. Marchetti, who is widely regarded in the industry as pioneer in the sale of top-end fashion and luxury goods on the internet, will stay on as YNAP chairman to ensure a smooth transition, YNAP said on Monday. Online sales have become crucial for retailers during this year's lockdowns linked to the coronavirus pandemic, forcing many high-end labels, which used to be more reticent to sell their products on the web, to double up on their Internet strategy.
Owners of Swiss luxury group Richemont <CFR.S> have approved plans to issue warrants as part of a shareholder loyalty scheme, the company said on Wednesday, setting out terms for the issue that follows a COVID-19 related cut to the dividend. Warrants will be distributed to shareholders on Nov. 27, when the "A" warrants related to A shares will be listed on SIXSwiss Exchange. Sixty-seven warrants can be exercised to buy oneA share in three years for 67.00 Swiss francs, thevolume-weighted average price between Oct. 19 and Nov. 13.
European stock markets are seen opening lower Wednesday, amid worries that the recent surge in coronavirus cases throughout the region will halt the nascent economic recovery even given the Covid-19 vaccine breakthroughs. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France dropped 0.4% and the FTSE 100 futures contract in the U.K. fell 0.5%. On Tuesday, Scotland’s First Minister Nicola Sturgeon announced that large areas of the country would shut all non-essential shops from Friday to combat a rise in cases, mostly in the west of the country.