Richemont Is Fairly Priced [Seeking Alpha]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: Seeking Alpha
Remy Steiner/Getty Images EntertainmentWhen we started to initiate Compagnie Financière Richemont (OTCPK:CFRHFOTCPK:CFRUYGrowth Will Peak In Q3and the company impressed the financial community, reporting strong numbers as well as exceeding our initial sales growth estimates. As already emphasized, Richemont is a unique corporation with sales diversification, well-known brands, and strong margins. This is also coupled with a solid balance sheet; however, we explained how the company's corporate governance controversy could not be unseen, and we follow up witha detailed articlebetween Bluebell, a British activist fund, versus the Rupert family, which has over 50% of Richemont's voting rights (Fig 1). Aside from the voting rights, the activist fund criticized the Richemont group on its e-commerce strategy with a clear point to refocus the company's activities on its core business of jewelry and watches. In the quarter, Richemont agreed to sell a portion of YNAP to Alabbar and FARFETCH a
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- World Market for Pens Forecast at $20+ Billion by 2030 - Notable Rise in Demand for Pens Composed of Sustainable Materials Like Bamboo and Recycled Plastics [Yahoo! Finance]Yahoo! Finance
- The Best Of Watches And Wonders 2024 [Forbes]Forbes
- China's growing love of luxury watches remains strong, despite economic headwinds [CNN]CNN
- China's growing love of luxury watches remains strong, despite economic headwinds [Yahoo! Finance]Yahoo! Finance