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Richemont, the proprietor of Cartier, ignites sparkle in investors' gaze with recent developments.

Richemont, the high-end merchandise conglomerate, surpassed analysts' expectations in the 2024-25 financial year. The effect of disposing of the online division was less than anticipated.

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Richemont, the high-end merchandise corporation, surpassed experts' predictions during the 2024/25...
Richemont, the high-end merchandise corporation, surpassed experts' predictions during the 2024/25 fiscal year. The weight of shedding its digital division proved lighter than initially projected.

Richemont's Surprising Profit Hike and the YNAP Deal - Stock Soars High!

Richemont, the proprietor of Cartier, ignites sparkle in investors' gaze with recent developments.

Hangin' on, fancy folks! Richemont, the well-known Swiss luxury goods powerhouse, just dropped some major figures for their 2024/25 fiscal year (ended March 31). Folks, they've raked in more dough and shiny trinkets than even Wall Street pundits foretold!

This company of ours, owned by bigwigs like IWC, Jaeger-LeCoultre, A. Lange & Söhne, Cartier, Van Cleef & Arpels, Chloé, Dunhill, and Montblanc, skyrocketed its net profit by a whopping 17% to a mind-blowing €2.75 billion, up from €2.36 billion.

So what's the secret sauce, you ask? Well, it was primarily the jewelry division that put the glitz in the profit, posting slightly higher overall sales despite a slight dip in watch sales. Can you say Cartier and Cartier's double-digit growth? Yep, that happened!

But here's the real twist: Richemont sold off its online division YNAP to e-commerce company Mytheresa. Analysts had predicted this move would cause a 1.3 billion euro hole in profits, but they were wrong as hell! The actual impact was significantly lower, around 1.0 billion euros. Boom for Richemont!

One thing's for sure, though: Richemont ain't retiring from the online luxury retail game just yet. After selling their share in April 2025, they still hold a 33% stake in the fancy new LuxExperience alongside Mytheresa. Checkmate, haters!

In essence:

  • Richemont's strong jewelry biz outshone watch sales and propelled overall sales growth[1][3][4].
  • The sale of YNAP served up a profit boost by diminishing the negative impact on profits more favorably than predicted[1].
  • Richemont's gamble with LuxExperience suggests they're still in the online luxury retail game to win[3].

Stay fly, my friends!

  1. The strong performance in Richemont's jewelry business, with Cartier leading the way, significantly contributed to the overall sales growth in the 2024/25 fiscal year, despite a slight dip in watch sales.
  2. The sale of YNAP to Mytheresa not only decreased the negative impact on Richemont's profits more favorably than predicted, but it also gave them an ongoing stake in the LuxExperience, demonstrating their continued interest in the online luxury retail industry.

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