Cartier owner Richemont reported solid sales growth across most of its regions on Thursday, including improved demand in China, and announced a dividend hike and share buyback that sent its stock up more than 4 percent.
Richemont, the world's second largest luxury goods firm that owns Cartier and Montblanc among others, said Friday that adverse currency movements had hit operating profits for the first half of its fiscal year.
Luxury goods group Richemont has considered selling its Lancel leather goods business but decided against it because it could not obtain a good price, the group's financial officer told journalists on Friday.
Swiss luxury group Richemont is informally looking for potential buyers for its fashion brand Chloe and received a non-binding offer this month from private equity firm Change Capital for leather goods maker Lancel, s...
Louis Vuitton's pricey new Capucine leather handbags are selling like hot cakes in European fashion capitals, store managers said, signalling the world's biggest luxury brand could be regaining some of its lost sparkle.