Compagnie Financiere Richemont SA

OTC Pink - Limited Information:CFRUYUnited States

Nov 19, 2024

Show headlines and story abstract

• DJ Compagnie Financiere Richemont S.A. Falls Tuesday, Underperforms Market, from 12:15PM ET on Tuesday Nov 19, 2024 by Dow Jones

  12:15PM ET on Tuesday Nov 19, 2024 by Dow Jones
  Companies Mentioned: CFRUY
  
  This article was automatically generated using Dow Jones technology.
  
  Shares of Compagnie Financiere Richemont S.A. shed 1.9% to CHF118.90 Tuesday on what proved to be an overall negative trading session for the stock market, with the Swiss SMI Index falling 0.8% to 11,541.43.
  

• DJ Expensive Watches Provide Some Hope Amid Exports Decline -- Market Talk, from 6:05AM ET on Tuesday Nov 19, 2024 by Dow Jones

  6:05AM ET on Tuesday Nov 19, 2024 by Dow Jones
  Companies Mentioned: CFRUY, SWGAY
  
  1105 GMT - The performance of expensive Swiss watches amid continued declines in exports show it isn't all doom and gloom, Bernstein analysts say in a research note. "Although this could be a function of higher product availability from Tier 1 brands--most notably Rolex--this may lead to broader luxury watch resilience than expected," they say. A strong reported first-half growth in watch sales at Richemont's Cartier suggests there is still appetite for luxury watches, the analysts say. However, Swatch Group's higher exposure to the cheapest watches, those below 200 Swiss francs, could damp these benefits, they add. (maitane.sardon@wsj.com)