Richemont : State of play ahead of the Q1 sales report: jewellery recovers in China but still debate about the group’s business as a whole
>Slight adjustment to our estimates ahead of the Q1 sales report - As the recent messages from Tiffany hinted, we understand that the return of customers toward luxury goods in China since March/April has also had a visible impact on jewellery sales beyond just the flagship brands in the soft luxury universe. Cartier in particular, which seems to have had a strong month in May, is fully benefiting. It also seems as though the specialist watchmakers division has seen s...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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