Profits at Compagnie Financière Richemont SA surged 28 percent in the first half to 824 million euros, or $1.12 billion at average exchange, from 645 million euros, or $816.5 million, on the back of increasing sales and higher gross margins.
The company, which owns brands including Cartier, Van Cleef & Arpels, IWC, Chloé and Dunhill, said Friday that stripping out the profits from its 19 percent stake in British American Tobacco, the bottom line would have risen 32 percent to 490 million euros, or $667 million, from 371 million euros, or $469.6 million.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)