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Richemont's FY Sales +9%, Jewelry Revenue +13%
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Luxury group Richemont reported that sales rose 9 percent year on year to $13 billion (EUR 10.150 billion) for fiscal year that ended on March 31. The luxury group confirmed growth across all of its...
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Retail
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May 21, 2013
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Deena Taylor
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Richemont's Head of Fashion and Accessories Resigns
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Richemont's CEO of fashion and accessories, Martha Wikstrom, resigned from her post with immediate effect, the company reported.Wikstrom was responsible for transitioning the Swiss luxury group's fashion and accessories businesses and...
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Retail
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May 21, 2013
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Deena Taylor
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Retail
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Apr 23, 2013
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Deena Taylor
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Richemont's Sales +13% Before 1H Ends
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Richemont reported that sales rose 13 percent year on year at constant-exchange rates during a five-month period that ended on August 31, 2012.The company noted that the weakening of the euro against the dollar had a positive...
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Retail
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Sep 05, 2012
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Deena Talyor
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Richemont Expects Profits to Soar in 1H
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Swiss luxury group Richemont said it expects profits to rise between 20 percent and 40 percent in the six months that end on September 30, 2012 as sales have surged so far this year. The company reported...
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Retail
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Aug 06, 2012
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Avi Krawitz
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Richemont's FY Sales +29%, Profit +43%
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Richemont reported that group sales rose 29 percent year on year to $11.39 billion (EUR 8.87 billion) during the retailer's fiscal year that ended on March 31. Revenue growth was driven by higher demand from...
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Retail
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May 16, 2012
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Dilipp S Nag
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Richemont's FY3Q Sales +24%
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Richemont reported that group sales rose 24 percent year on year to $3.32 billion (EUR 2.62 billion) in the third fiscal quarter that ended on December 31, 2011 driven by growing Far East demand. ''The group’s overall performance remains solid,'' said Johann Rupert, Richemont’s chairman and...
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Retail
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Jan 16, 2012
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Avi Krawitz
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Richemont 1H Profit +10%
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Richemont reported that profit rose 10 percent year on year to $951 million (EUR 709 million) for the six months that ended September 30. Earlier in November, the luxury group recorded first-half sales of $5.6...
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Financial-Legal
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Dec 08, 2011
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Jeff Miller
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Richemont Group Sales +29% in 1H
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Swiss luxury group Richemont reported that sales rose 29 percent year on year to $5.79 billion (EUR 4.21 billion) in its first half of the fiscal year that ended on September 30, 2011. Growth was spurred...
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Retail
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Nov 13, 2011
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Avi Krawitz
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Richemont Posts Record Jewelry Sales in FY 2011
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Richemont closed a strong fiscal year spurred by record sales and profits at its jewelry maisons. Group sales rose 33 percent to $9.84 billion (EUR 6.89 billion) for the fiscal year that ended March 31, 2011, with growth recorded in all regions and product categories. Net...
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Retail
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May 19, 2011
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Avi Krawitz
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Mining
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Jul 08, 2010
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Rapaport
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Mining
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Jul 01, 2010
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Rapaport
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Retail
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Jun 24, 2010
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Rapaport
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Rough Markets
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Jun 10, 2010
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Rapaport
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Mining
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Jun 03, 2010
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Rapaport
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Diamond News Broadcast
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Retail sales across the U.S. did remain positive compared with one year ago. Government figures for the previous month though found that retail sales were flat and that consumers increased their savings. Luxury group Richemont noted that its greatest sales...
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Polished Markets
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Jun 02, 2010
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Rapaport News
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Mining
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May 27, 2010
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Rapaport
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Richemont's Fiscal-Year Sales -4%, Profits -44%
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Richemont concluded its fiscal year on March 31, 2010, posting an annual sales decline of 4 percent to $6.3 billion (EUR 5.2 billion). The company's gross margin fell 150 basis points to 61.6 percent, while its profits fell 44 percent year over year to $732 million (EUR 600...
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Financial-Legal
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May 27, 2010
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Jeff Miller
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Mining
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May 20, 2010
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Rapaport
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Mining
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May 13, 2010
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Rapaport
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