|Bid||83.00 x 271900|
|Ask||86.70 x 944800|
|Day's range||84.40 - 85.36|
|52-week range||73.60 - 92.50|
|PE ratio (TTM)||23.52|
|Earnings date||18 May 2018|
|Forward dividend & yield||1.80 (2.03%)|
|1y target est||81.53|
Gucci was named as 2017 Momentum Award winner in online retail traffic by SimilarWeb.com, being the only luxury brand in the retail category. A deeper look into what is driving Gucci's online traffic shows very different strategies compared to its next closest online competitor Louis Vuitton.
Yoox Net-a-Porter (YNAP.MI) shareholder Renzo Rosso believes Richemont's (CFR.S) bid for full control of the online retailer is of great value, even though he is sorry to see another renowned Italian brand pass under foreign control. The Swiss group on Monday offered up to 2.8 billion euros to takeover YNAP in order to better compete in an expanding online market for luxury goods. Rosso, who owns 5.7 percent of YNAP's ordinary shares, declined to comment on whether he would tender his shares in the offer, but his comments suggested the deal would go through.
Richemont said it would spend up to $3.3 billon buying the shares it doesn’t already own in Yoox Net-a-Porter, one of the fashion world’s most disruptive e-commerce companies, a sign of how the shift to ...
Would you buy a $100,000 watch online? Richemont wants to buy out its fellow shareholders in Yoox Net-a-Porter, because for more people, the answer is yes.
Cartier owner Richemont (CFR.S) on Monday offered up to 2.8 billion euros (2.47 billion pounds) for full control of Yoox Net-a-Porter (YNAP) (YNAP.MI) to compete better in an expanding online market for luxury goods. Richemont, which like many rivals in the watch industry and high fashion world has been slow to move into selling online, offered 38 euros per share for YNAP, an almost 26 percent premium to the e-commerce portal's closing price on Friday. The terms of the deal value YNAP as a whole at 5.3 billion euros, YNAP CEO Federico Marchetti said.
Richemont’s decision to plow 2.7 billion ($3.3 billion) into e-commerce by buying out Yoox Net-a-Porter SpA is a wake-up call to skeptics who thought consumers would never buy $5,000 Cartier necklaces ...
Luxury goods group Richemont (CFR.S) is committed to keeping its Lancel and Dunhill fashion brands, both of which have undergone intense restructuring, a source close to the company said on Monday. "Richemont is firmly committed to these brands," the source said on the sidelines of the SIHH watch fair that opened on Monday. The source, who spoke of condition of anonymity, said first results at Dunhill looked promising.