The global Jewellery leader published strong consensus-beating H1 figures. The enduring strong appetites of Chinese consumers for Cartier and VCA, the strong recovery of demand in the Americas and the higher share of retail sales have resulted in an encouraging top-line momentum and outstanding profitability.
Richemont has confirmed that it in advanced talks with Farfetch about separating part of its loss-making YNAP. YNAP has been the group’s margin drag since 2018, unlocking the value of YNAP ....
12 Nov 2021
Impressive profitability of Cartier and VCA
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Impressive profitability of Cartier and VCA
Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
12 Nov 2021 -
Author:
Jie Zhang -
Pages:
3
The global Jewellery leader published strong consensus-beating H1 figures. The enduring strong appetites of Chinese consumers for Cartier and VCA, the strong recovery of demand in the Americas and the higher share of retail sales have resulted in an encouraging top-line momentum and outstanding profitability.
Richemont has confirmed that it in advanced talks with Farfetch about separating part of its loss-making YNAP. YNAP has been the group’s margin drag since 2018, unlocking the value of YNAP ....