Richemont : Moderate upward adjustment to our estimates to factor in a more solid sector context
>The group's activity should benefit from a still favourable sector context over the beginning of the year - The group spoke to analysts yesterday, as it usually does in the run-up to the closed period of annual results which are due for publication on 12 May. As a reminder, it provides no precise or detailed comments on the business trends for the current quarter, in this case the last of the year. However, we understand that the comments made in January at the time ...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).
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