Cartier Owner Richemont Posts Highest Ever Quarterly Sales

Richemont stock is surging by the most it’s ever done in one day. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround
Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
European luxury stocks jump after Richemont smashes expectations
Investors were excited as Cartier owner Richemont's third-quarter sales beat expectations and revived optimism for the battered sector.Company shares jumped 14%.The Swiss company's sales jumped by a tenth year-on-year to $6.
European Luxury Stocks Jump on Richemont's Record Quarterly Sales
KEY TAKEAWAYS European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales.Richemont's results raised investor hopes that the high-end sector is recovering from the slump induced by weak Chinese demand.
European Luxury Stocks Rise After Cartier Owner Richemont Beats Expectations
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround
Luxury goods stocks jumped on following Cartier-owner Richemont a surge in sales, prompting hopes of a turnaround for the sector.
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Luxury sales jump could be an early signal of the fashion segment's rebound
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Luxury goods groups drive European stocks to highest level in a month
European stocks rose to hit their highest level in a month on Thursday as heavyweight luxury companies were boosted by buoyant sales from Swiss group Richemont. The broad-based Stoxx 600 index rose 0.
Luxury groups pin hopes on US as China weakness persists
Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on ...
Richemont Q3 Sales Climb, Despite Weak China Sales
Compagnie Financiere Richemont AG (CFRUY.PK), a Swiss luxury goods company,reported Thursday that its total sales for the third ...