CFR.VX - Compagnie Financière Richemont SA

Swiss - Swiss Delayed price. Currency in CHF
87.58
-3.34 (-3.67%)
At close: 5:31PM CEST
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Previous close90.92
Open89.72
Bid87.10 x 271900
Ask88.00 x 944800
Day's range87.10 - 89.72
52-week range76.95 - 99.02
Volume2,133,827
Avg. volume1,419,455
Market cap49.448B
Beta0.97
PE ratio (TTM)33.00
EPS (TTM)2.65
Earnings date4 Nov 2016 - 8 Nov 2016
Forward dividend & yield1.90 (2.06%)
Ex-dividend date2018-09-19
1y target est84.49
  • The Quiet Birth of a Luxury Internet Powerhouse
    Bloomberg15 days ago

    The Quiet Birth of a Luxury Internet Powerhouse

    Out goes French handbag maker Lancel, in comes Watchfinder, a seller of second-hand watches it is acquiring for an undisclosed sum. In selling Lancel to Italy's Piquadro SpA, Richemont affirms its commitment to dispose of laggards. Acquiring the platform, which sells pre-owned luxury time pieces online and in seven boutiques, makes strategic sense, and could be a prelude to further expansion in the burgeoning used watch market. Luca Solca, analyst at Exane BNP Paribas, estimates this is currently worth about 25 percent of the new watch market, or 3 billion euros ($3.5 billion) to 5 billion euros.

  • Richemont Seals Deal to Sell Pursemaker Lancel to Piquadro
    Bloomberg15 days ago

    Richemont Seals Deal to Sell Pursemaker Lancel to Piquadro

    Richemont agreed to sell ailing French pursemaker Lancel to Italy’s Piquadro SpA, a rare divestment as the Swiss luxury-goods maker sheds a business that has been holding back its growth in fashion and accessories. Richemont completed the sale on June 2 and the transaction won’t materially impact the company’s balance sheet or cash flow, Richemont said in a statement Monday, without disclosing financial details. The disposal comes more than a decade after Richemont bought the Paris-based brand for 342 million Swiss francs ($346 million).

  • Reuters18 days ago

    Richemont to buy Watchfinder as pre-owned watch market heats up

    Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, in another sign that luxury watchmakers are trying to tap into a fast-growing market for pre-owned timepieces. British-based Watchfinder, with about 200 employees, provides a platform to research, buy and sell premium pre-owned watches, online and through seven boutiques, Richemont said in a statement. Luxury brands have long shunned the second-hand market for premium watches and other luxury goods because of fears that these businesses would impact sales of their products.

  • Reuters - UK Focus18 days ago

    Richemont to buy Watchfinder as pre-owned watch market heats up

    Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, in another sign that luxury watchmakers are trying to tap into a fast-growing market for pre-owned timepieces. British-based Watchfinder, with about 200 employees, provides a platform to research, buy and sell premium pre-owned watches, online and through seven boutiques, Richemont said in a statement. Luxury brands have long shunned the second-hand market for premium watches and other luxury goods because of fears that these businesses would impact sales of their products.

  • Reuters - UK Focus18 days ago

    Richemont to buy Britain's Watchfinder as used watch market heats up

    Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, extending its reach into the second-hand watch market seen by some in the industry as a fast-growing business. ...

  • The Wall Street Journallast month

    [$$] How to Spend It: Cartier Owner's Puzzling Cash Pile

    Is Swiss luxury magnate and Cartier-owner Johann Rupert preparing for a big deal?

  • Reuterslast month

    Richemont targets more M&A after taking watch inventory hit

    Luxury goods group Richemont will focus on doing more M&A deals to reshape its business after reporting lower than expected full-year results, which included a 203 million euro buy back of watch inventories. Richemont, which has luxury brands including Cartier and Montblanc, is just in the process of acquiring full control of luxury retailer Yoox Net-a-Porter for 2.6 billion euros as part of efforts to boost its online presence and attract younger customers. Over the last two years, Richemont has undergone a major management shake-up, replacing almost all of its brand heads, its finance chief and appointing a senior executive committee instead of a CEO.

  • Reuterslast month

    BRIEF-Richemont says Cartier healthy now, to regain market share

    May 18 (Reuters) - Compagnie Financiere Richemont SA : * CFO SAYS JEWELLERY MAISON MARGINS ARE AT HIGH LEVEL, MUST TAKE CARE TO PROTECT THOSE MARGINS * CFO SAYS CARTIER IS IN A VERY HEALTHY SITUATION * ...

  • Working Your Cartier Assets Deserves Respect
    Bloomberglast month

    Working Your Cartier Assets Deserves Respect

    A rising luxury tide hasn't lifted all bling boats. While other megabrands have announced blockbuster results, Cie Financier Richemont SA's first half operating profit was below analysts’ expectations, sending the shares down as much as 8 percent. Hard luxury – watches and jewelry – has been slower to recover than fashion and leather goods.

  • Reuterslast month

    BRIEF-Compagnie Financiere Richemont SA CFO Says Sees Second-Watches As An Emerging Market

    Compagnie Financiere Richemont SA: * CFO SAYS HAPPY WITH CURRENT LEVEL OF INVENTORY AT TRADE PARTNERS * CFO SAYS INVENTORY BUY-BACKS LIKELY OVER * COO SAYS NEW BAUME BRAND WILL ALLOW TO APPROACH NEW CLIENTELE ...

  • The Wall Street Journallast month

    [$$] Richemont Lifted by Asia Strength

    SA (CFR.EB) said Friday that full-year net profit rose slightly as sales in Asia soared. Net profit for the 12 months ended March 31 rose to 1.22 billion euros ($1.44 billion), from EUR1.21 billion over the previous year. Cartier owner Richemont said sales for the year rose 3% to EUR10.98 billion, driven mainly by its jewelry business.

  • Bloomberglast month

    Richemont Slumps as Watch Inventory Buybacks Dent Earnings

    Richemont shares fell the most in three years as the Swiss luxury-goods maker bought back more unsold watches from retailers, weighing on profit growth. Richemont spent 203 million euros ($240 million) on inventory repurchases aimed at preventing watches from falling into the hands of unauthorized sellers, the Geneva-based company said Friday. “Another really messy set of results following a larger-than-expected round of watch inventory buybacks,” Zuzanna Pusz, an analyst at Berenberg, wrote in a note.

  • Reuterslast month

    Swiss watchmaker Richemont launches lower priced brand to lure millennials

    Luxury goods group Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from their smartphones for reading the time. Swiss watchmakers have seen sales improve recently, after a prolonged downturn, but are struggling to reach young people who wear no watch at all or a connected Apple Watch and want online services luxury watchmakers have been slow to embrace. Luxury watch brands have only belatedly embraced digital marketing and distribution and are still seeking answers to the emergence of smartwatches such as Apple's Apple Watch and the younger generation's dwindling interest in traditional watches.

  • Swiss watchmaker Richemont launches lower priced brand to lure millennials
    Reuterslast month

    Swiss watchmaker Richemont launches lower priced brand to lure millennials

    Luxury goods group Richemont (CFR.S) has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from their smartphones for reading the time. Swiss watchmakers have seen sales improve recently, after a prolonged downturn, but are struggling to reach young people who wear no watch at all or a connected Apple (AAPL.O) Watch and want online services luxury watchmakers have been slow to embrace. Luxury watch brands have only belatedly embraced digital marketing and distribution and are still seeking answers to the emergence of smartwatches such as Apple's Apple Watch and the younger generation's dwindling interest in traditional watches.

  • Reuterslast month

    BRIEF-Richemont Reaches 94.99% Of Yoox Net-A-Porter Group's Ordinary Shares

    May 10 (Reuters) - Ynap on behalf of Compagnie Financiere Richemont SA: * PROVISIONAL RESULTS OF VOLUNTARY PUBLIC TENDER OFFER FOR ALL ORDINARY SHARES OF YNAP S.P.A. * RICHEMONT REACHES 94.99% OF YOOX ...

  • Richemont technology chief quits amid online sales push
    Reuters2 months ago

    Richemont technology chief quits amid online sales push

    Cartier-owner Richemont's (CFR.S) technology chief Jean-Jacques Van Oosten is leaving after only four months in the job, during which the Swiss group bid for control of online retailer Yoox Net-A-Porter (YNAP.MI) to boost web sales. Richemont and luxury goods peers are seeking to ramp up e-commerce operations and attract younger shoppers, as online sales become one of the industry's fastest growth drivers. Richemont, which also owns watchmaker IWC and fashion label Chloe, hired Van Oosten for the newly-created technology role as part of this drive, alongside a former LVMH (LVMH.PA) human resources director with a tech-savvy profile.

  • Reuters - UK Focus2 months ago

    Richemont technology chief quits amid online sales push

    Cartier-owner Richemont's technology chief Jean-Jacques Van Oosten is leaving after only four months in the job, during which the Swiss group bid for control of online retailer Yoox Net-A-Porter to boost web sales. Richemont and luxury goods peers are seeking to ramp up e-commerce operations and attract younger shoppers, as online sales become one of the industry's fastest growth drivers. Richemont, which also owns watchmaker IWC and fashion label Chloe, hired Van Oosten for the newly-created technology role as part of this drive, alongside a former LVMH human resources director with a tech-savvy profile.

  • Reuters - UK Focus2 months ago

    Richemont technology chief steps down after four months

    Swiss luxury goods group Cie Financiere Richemont SA said Jean-Jacques Van Oosten had resigned as chief technology officer for personal reasons after only four months on the job. "We respect Dr Jean-Jacques ...

  • Getting the Cartier Crowd Hooked on Cheap Credit
    Bloomberg3 months ago

    Getting the Cartier Crowd Hooked on Cheap Credit

    Richemont will likely pay very little for its bonds. That gives it options.

  • Even This Luxury Spender Has a Limit
    Bloomberg4 months ago

    Even This Luxury Spender Has a Limit

    There's little pressure on Richemont to increase its bid for YNAP.

  • Forbes5 months ago

    Gucci Is Going Gangbusters Online, Leaving Louis Vuitton In The Dust

    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.

  • Reuters5 months ago

    YNAP shareholder Renzo Rosso says Richemont bid 'fantastic'

    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.

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