RICHEMONT: Acceleration of sales momentum in Q1. New organization of the Executive Commitee | NEUTRAL | CHF113 VS. CHF105 (+1%)
RICHEMONT - NEUTRAL | CHF113 VS. CHF105 (+1%)Acceleration of sales momentum in Q1. New organization of the Executive Commitee
Clear acceleration in Q1 FY21 vs Q4 FY20
The acceleration came mainly from US
Jewellery Maisons are outperforming.
New organization of the executive committee
Compagnie Financiere Richemont is engaged in the luxury goods market. Co.'s interests encompass some names such as Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Co.'s luxury goods businesses are separated into four segments: Jewellery Maisons (design, manufacture and distribution of jewellery products), Specialist Watchmakers (design, manufacture and distribution of precision timepieces), Montblanc Maison (design, manufacture and distribution of writing instruments) and Other Businesses (Alfred Dunhill, Lancel, ChloA(c), Net-a-Porter, Purdey, textile brands and other manufacturing entities).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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