richemont SA news and archive

Richemont makes an offer to buy YNAP shares for 38 euros each

Richemont SA has announced through a media statement that the company has notified Yoox Net-A-Porter Group S.p.A (YNAP) of its intention to launch a voluntary public tender offer to acquire all the issued and to be issued ordinary shares of the latter that it or its affiliates do not already own. Under the terms of the offer, the company added,...

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Richemont Q3 sales increase 7 percent

Sales at Richemont SA, for the third quarter ended December 31, 2017, increased by 7 percent at constant exchange and by 1 percent at actual rates to 3,119 million euros (3,727 million dollars) compared to the prior year period. The company said, most regions grew at constant exchange rates, with sustained double digit growth in Asia Pacific and...