Compagnie Financière Richemont SA (SWX: CFR)
Richemont is a luxury jewelry holding company, founded in 1988 and based in Switzerland. It operates four segments: Jewellery Maisons, Specialist Watchmakers, Online Distributors and Others (writing instruments, clothing and leather goods). Jewellery Maisons include the Cartier and Van Cleef & Arpels brands; Specialist Watchmakers brand include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin; Online Distributors include Watchfinder & Co. and YOOX NET-A-PORTER “YNAP” (both acquired June 2018); and Other brands includeAlfred Dunhill, Azzedine Alaïa, Chloé, Montblanc and Peter Millar. Excluding the June 2018 acquisition of YNAP, 1H revenue growth would have been 6%.
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