Richemont, STOXX Europe 600

Europe markets close higher; Richemont up 16% on quarterly results, boosting luxury sector
Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.
European Stocks Gain as Richemont’s Sales Jump Lifts Luxury
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.
European equities rise overall as TSMC guides strong and Richemont gives luxury stocks a surge
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Cartier Owner Richemont Posts Highest Ever Quarterly Sales Despite Luxury Downturn
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
Cartier Owner Richemont’s Sales Jump in Sign of Luxury Rebound
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods.
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