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Shares of Cartier owner Richemont climb on record full-year sales, new CEO - TL;DR CNBC

Shares of Cartier owner Richemont climb on record full-year sales, new CEO

Publishing timestamp: 2024-05-17 10:00:13


Summary

Richemont's shares rose after reporting record full-year sales, despite a slowdown in Asia-Pacific. The luxury sector has been under pressure due to tough economic conditions, with other luxury stocks trading lower.


Sentiment: MIXED

Tickers: KER-FRCDI-FRCFR-CHMC-FR

Keywords: kering sacompagnie financiere richemont sabreaking news: businessretail industryluxurybusiness newschristian dior selvmh moet hennessy louis vuitton se

Source: https://www.cnbc.com/2024/05/17/richemont-shares-climb-6percent-on-record-full-year-sales-new-ceo.html


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