CIE FINANCIERE RICH | TalkMarkets | Page 1
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Richemont CEO Warns "Softening Demand Across All Categories" As Luxury Downturn Worsens
Article By: Tyler Durden
Sunday, November 12, 2023 3:00 PM EDT
Whether it's the former CEO of Walmart or Mike Wilson from Morgan Stanley, there's a message emerging about waning consumer strength. On Friday, luxury group Richemont provided what appears to be the latest evidence of faltering consumer demand.
In this article: CFRHF Also: DEO, LVMHF, PPRUY
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Farfetch Turns Richemont Blessing Into A Curse
Article By: Lipper Alpha Insight
Saturday, November 11, 2023 1:40 PM EDT
Compagnie Financiere Richemont agreed to sell a portion of its digital arm to Farfetch in August 2022. At the time, it looked like a savvy fix. But now, Farfetch’s slumping performance means the conglomerate could have a new problem on its hands.
In this article: CFRHF, FTCH
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