Richemont stock soars as jewelry sector sparkles

The jewelry sector sees its sales increase by 24% Profit from continuing operations increases by 40% President cautious on cost of living and rising interest rates ZURICH, Nov 11 (Reuters) – Shares of luxury goods group Richemont (CFR.S) soared as much as 21% in early trading on Friday after the owner of Cartier posted strong … Read more

Britain’s ASOS to review business model after profit slump

2021-22 profit drops 89% Expects first-half loss in 2022-23 Uncertainty means there are no full-year earnings forecasts Agrees to a new deal with lenders Stocks rebound 9% LONDON, Oct 19 (Reuters) – ASOS (ASOS.L), the former British star of the shift to online fashion retail, will review its business model after the economic crisis and … Read more