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richemont reports strong luxury goods sales driven by jewelry and watches
Compagnie Financière Richemont SA, a leading luxury goods manufacturer, generates 69.1% of its sales from jewelry, with Cartier as the top brand. The company also specializes in luxury watches (18.3%) and other products (12.6%), with retail distribution accounting for 69% of sales. Geographically, China leads with 26.1% of sales, followed by the United States at 18.9%.
ubs increases richemont target price to 180 francs with buy rating
UBS has raised its target price for Compagnie Financière Richemont SA to 180 francs, maintaining a 'Buy' rating. The luxury goods manufacturer generates 42.2% of its sales from jewelry, 31.1% from luxury watches, and 26.7% from other products, with a significant portion of sales occurring in China (26.1%) and the USA (18.9%). Distribution channels include retail (69%), wholesale (25.1%), and online (5.9%).
richemont maintains strong luxury goods sales across diverse global markets
Compagnie Financière Richemont SA, a leading luxury goods manufacturer, generates 69.1% of its sales from jewelry, primarily through brands like Cartier and Van Cleef & Arpels. The company also specializes in luxury watches (18.3%) and other products (12.6%), with retail distribution accounting for 69% of sales. Geographically, China leads with 26.1% of sales, followed by the United States at 18.9%.
ubs rates richemont a buy with target price of 150 francs
UBS has rated Compagnie Financière Richemont SA a 'Buy' with a target price of 150 francs. The luxury goods manufacturer generates 42.2% of its sales from jewelry, 31.1% from luxury watches, and 26.7% from other products, with a significant portion of sales coming from China (26.1%) and the USA (18.9%). Distribution channels include retail (69%), wholesale (25.1%), and online (5.9%).
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