Articles > Newspapers > International Newspapers, Major Markets > International Herald Tribune articles > October 2008

Article: Richemont gambles on quitting smoking

Article from:
International Herald Tribune
Article date:
October 8, 2008
Author:
Copyright

Astrid Wendlandt and Katie Reid Reuters
International Herald Tribune
10-08-2008
Richemont gambles on quitting smoking
Byline: Astrid Wendlandt and Katie Reid Reuters
Edition: 4
Section: FINANCE/BUSINESS

PARIS --

Richemont will become the second-biggest pure luxury goods specialist in Europe if shareholders back plans Thursday to spin off its stake in British American Tobacco.

Its structure as a conglomerate has held down Richemont's share price. But shedding BAT may not raise the company's stock valuation as much as investors may have hoped, because now it is being dragged down by the worsening outlook for the luxury goods industry.
"Normally, due to the spinoff, the stock could have expected ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: RICHEMONT REALIGNS STAFF AT LUXURY GOODS ...
Daily News Record;  November 29, 1999 ;     700+ words ... ... Compagnie Financiere Richemont AG reshuffled its management to focus more on its luxury goods businesses, which include ... half ending Sept. 30. Richemont appointed Alain Dominique ... operating officer of Richemont's subsidiary, the ...

Article: LUXURY GOODS DRIVE RICHEMONT SALES UP.(Brief ...
WWD;  September 15, 2000 ;     700+ words ... ... LONDON -- Compagnie Finan-ciere Richemont AG keeps riding the luxury goods boom. Dr. Nikolaus Senn, chairman of Richemont, told shareholders Thursday at ... Les Manufactures Horlogeres SA. Richemont bought LMH in July from Mannesmann ...

Article: Richemont separates, renames its BAT stake ; LUXURY ...
Evening Standard - London;  August 8, 2008 ;     402 words ...SWISS luxury goods maker Richemont is setting up a new vehicle to hold ... its shareholders. That will leave Richemont's CFR unit to focus on the luxury goods business, holding all of Richemont's luxury assets including Cartier ...

Article: RICHEMONT FOUNDER ANTON RUPERT, 89.(founder of the ...
WWD;  January 20, 2006 ;     700+ words ... ... Compagnie Financiere Richemont luxury goods group, has died at age 89. A Richemont spokesman here confirmed ... executive chairman of Richemont and chairman of Remgro ... recalled the head of the luxury goods group's passion for ...

Article: Richemont hit as luxury goods sellers feel a ...
Evening Standard - London;  January 23, 2008 ;     450 words ... ... caught up with the luxury goods market, according ... to-Montblanc group Richemont. The news echoed last ... own internal plans. Richemont's shares plunged ... slowdown in spending on luxury goods ranging from watches ... unnecessaries of life . Richemont said it had enjoyed ...

Article: The Swiss luxury goods group ...
Cosmetics International;  November 25, 2001 ;     546 words ...* The Swiss luxury goods group Richemont has announced that it has suffered a considerable slowdown in the period since 11 September ... regions -- with the notable exception of Japan -- were also adversely impacted, said Richemont.

Article: Luxury goods company Richemont saw its sales ...
Cosmetics International;  June 6, 2008 ;     586 words ...Luxury goods company Richemont saw its sales rise 10% to 5.3bn [euro] in ... Cartier owner intends to refocus as an exclusively luxury goods entity and added that demand for the luxury goods market in Russia, the Middle East and China is ...

Article: Profits drop at luxury goods group. (Financial ...
Swiss News;  August 1, 2002 ;     537 words ...A "progressive slowdown in demand" was the reason given by Richemont for the 32 per cent fall in operating profits for the 2001/2 trading year. The Swiss luxury goods group, which owns brand names such as Cartier, Alfred Dunhill and ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives