Compagnie Financiere Richemont SA (CFRJ.J)
13 Dec 2017
Latest Key Developments (Source: Significant Developments)
Nov 10 (Reuters) - Richemont Sa Cfo
Compagnie Financiere Richemont SA:Swiss luxury group Richemont plans to cut 300 jobs in Switzerland, Swiss newspaper 24 heures reported on Friday without citing sources -RTRS.Around 170 job could be cut at its Cartier business and almost 120 at its Piaget and Vacheron Constantin businesses, the paper said.Richemont was not immediately available for comment on the story. Last month, Richemont confirmed a report that it could cut up to 350 Swiss jobs. Full Article
Compagnie Financiere Richemont SA:Richemont is considering cutting up to 350 jobs in Switzerland given tough market conditions and the Swiss franc's strength that has weighed on tourist visits, newspaper Le Temps reported, citing an internal memo it said it had obtained. - RTRS.Richemont said last month business was likely to remain challenging after sales fell 4 percent in the final three months of 2015, with the Hong Kong market remaining weak and Islamist attacks hitting tourist spending in Europe.Le Temps said a Richemont spokesperson had confirmed the information without elaborating. The paper said it would seek to avoid layoffs by moving staff to other sites. Full Article
LUXEMBOURG, Dec 6 Coty and other luxury brand owners scored an important victory on Wednesday in their bid to prevent retailers selling their products on online platforms such as Amazon and eBay after Europe's top court said they have the right to do so to preserve their image.