Richemont : Asia still challenging but Jewellery Maisons remain an attractive asset
>Still-challenging Asia set to depress Q1 sales growth even though we still expect positive growth for Jewellery Maisons - We think that the group’s Q1 2024-25 sales, which will be reported on 16 July, are likely to be marked by the persistent weakness of sales in Asia. In Q4 2023-24, group sales posted an overall increase of +2% y-o-y at CER with -12% for the Asia Pacific region (the group indicated moreover that total Chinese spending, onshore and offshore, was dow...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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