The group’s strong online business expansion and outstanding performance in China have led both H1 20 revenue and operating profit largely to beat consensus expectations. On top of figures, the announcement of the JV with Alibaba after developing Tmall Luxury Pavilion with Alibaba has clearly confirmed the group’s strategic direction in the coming years.
The strong desirability of the group’s brands, the group’s advanced development in e-commerce and the relationship with Alibaba are building a ....
10 Nov 2020
Appetites for high-end jewellery & watches are not going away
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Appetites for high-end jewellery & watches are not going away
Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
10 Nov 2020 -
Author:
Jie Zhang -
Pages:
3
The group’s strong online business expansion and outstanding performance in China have led both H1 20 revenue and operating profit largely to beat consensus expectations. On top of figures, the announcement of the JV with Alibaba after developing Tmall Luxury Pavilion with Alibaba has clearly confirmed the group’s strategic direction in the coming years.
The strong desirability of the group’s brands, the group’s advanced development in e-commerce and the relationship with Alibaba are building a ....