Compagnie Financiere Richemont SA outstripped analysts’ expectations with robust first-half sales and profits, but the double-digit growth is expected to slow over the next six months as currency fluctuations and tough comparisons take their toll.
Profits at the parent of brands including Cartier, Montblanc, Dunhill, and Chloé rose 87.2 percent to 644 million euros, or $824.3 million, from 344 million euros, or $440.3 million, in the six months to Sept. 30, boosted by a double-digit rise in sales and a one-off gain from the acquisition of Net-a-porter.com.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)