Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?

Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.

The owner of Cartier, Piaget, Chloe and Montblanc saw an uptick in US and European sales, as well as smaller declines in China.

Mytheresa has nominated Richemont CFO Burkhart Grund to join its board, subject to the completion of its acquisition of Yoox Net-A-Porter (YNAP).

Richemont, the Swedish luxury conglomerate, has reached a market value of more than 100 billion Swiss francs (about 88.9 billion pounds) for the first time

Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments.

Analyst Rogerio Fujimori from Stifel Nicolaus maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) and

SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier. Read more at The Business Times.

Keen watchers of the global export figures for the Swiss watch industry might conclude that 2024 was a little more challenging than the record-breaking 2023, but nothing to panic about. Total exports for last year ended on CHF 26 billion,

Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (over R2 trillion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier.

In a report released today, Thomas Chauvet from Citi maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report), with

Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (R2 trillion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier.