Richemont : Were YNAP to be consolidated again, this would not be the end of the world
>Richemont states it does not want to invest in Farfetch and currently reviews its options on the agreement on YNAP - Following a press report from the Daily Telegraph yesterday afternoon indicating that the CEO of Farfetch was in talks to take the company private with the backing of Alibaba and Richemont both its partners in a Chinese JV, Farfetch issued a press release last night saying it would not publish quarterly results as expected today and would no longer iss...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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