Group Highlights - Richemont reported a robust performance for the financial year ended 31 March 2025, with group sales increasing by 4% to €21.4 billion [7][25] - The company experienced double-digit growth across all regions except for Asia Pacific, with notable increases in Europe (+10%), the Americas (+16%), Japan (+25%), and the Middle East & Africa (+15%) [8][25] - Direct-to-client sales accounted for 76% of group sales, driven by both retail and online channels [8] Financial Highlights - Total sales reached €21.4 billion, with Q4 sales up 8% (+7% at constant exchange rates) [5] - Operating profit decreased by 7% to €4.5 billion, resulting in an operating margin of 20.9% [5][12] - Profit for the year from continuing operations was €3.8 billion, down 1%, while the overall profit for the year amounted to €2.8 billion, up 17% after accounting for a €1.0 billion loss from discontinued operations [12][21] Segment Performance - Jewellery Maisons, including brands like Cartier and Van Cleef & Arpels, saw sales increase by 8% to €15.3 billion, with an operating margin of 31.9% [9][10] - Specialist Watchmakers reported a 13% decline in sales, leading to a 5.3% operating margin, primarily due to demand weakness in China [10][11] - The 'Other' business area achieved sales of €2.8 billion, up 7%, but reported an operating loss of €102 million, resulting in a margin of -3.7% [11][12] Strategic Developments - The company completed the acquisition of Italian jewellery Maison Vhernier and strengthened its leadership team with new appointments, including a Group CEO and Chief People Officer [5][16] - Richemont sold YOOX NET-A-PORTER (YNAP) to Mytheresa, retaining a 33% stake in the newly formed LuxExperience [19][20] - The Board proposed a dividend increase to CHF 3.00 per 'A' share, reflecting a 9% increase over the prior year [21] Cash Position - Richemont maintained a strong net cash position of €8.3 billion at year-end, supported by €4.4 billion cash flow generated from operating activities [5][13]

Core Points - Hermès International publishes the total number of voting rights and shares comprising its share capital monthly, in accordance with French regulations [2][3]. Summary by Category Voting Rights and Shares - As of April 30, 2025, Hermès has a total of 569,412 shares and 461,813 theoretical voting rights, with 728,084 effective voting rights [3]. - The number of effective voting rights has shown fluctuations over the months, with a peak of 862,580 effective voting rights recorded on April 30, 2021 [4]. Reporting Schedule - The company is required to publish these figures before the 15th day of the following month, ensuring transparency and compliance with regulatory standards [2].

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An Equestrian Knight Device logo on a flag outside the Burberry Group Plc luxury boutique in London, UK, on Tuesday, May 13, 2025.Burberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house.The company said the measures could lead to a "reduction in people-related costs which could impact around 1,700 roles globally" over the lifetime of the program, set to complete in 2027.Burberry sales fell slightly less than expected in the fourth qua ...

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws. CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION Compass owns ...

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Core Points - The General Shareholders' Meeting of Kering on April 24, 2025, renewed the authorization for a share buyback program and capital reduction through share cancellation [2][3] - Kering currently holds 825,620 shares, representing 0.67% of its share capital [4] - The share buyback program aims to ensure liquidity, meet obligations related to employee share plans, and facilitate investments or financing [5] Share Buyback Program Details - Kering's share capital is €493,683,112, divided into 123,420,778 shares [6] - The maximum proportion of shares Kering can hold is set at 10%, equating to a maximum of 12,342,077 shares [7] - The maximum purchase price for shares is €700, with a total maximum allocation of €8,639,453,900 for the program [8] Authorization and Duration - The authorization for the share buyback program is valid for 18 months, expiring on October 24, 2026 [9] - Previous authorizations for share buybacks were not utilized, except for a liquidity agreement [10] Liquidity Agreement - Kering has a liquidity agreement in place since February 13, 2019, which has been renewed annually [11] - An amendment to this agreement reduced the liquidity account resources by €25 million as of July 1, 2021 [12] Company Overview - Kering is a global luxury group with brands including Gucci, Saint Laurent, and Bottega Veneta, employing 47,000 people and generating €17.2 billion in revenue in 2024 [15]

Financial Data and Key Metrics Changes - In Q1 2025, the group reported revenues of €459 million, a decrease of 1% year-on-year compared to €463 million in Q1 2024, with organic performance also down 1% [7][8][9] - The Americas region showed a 9% organic growth, contributing 27% of total revenues, while EMEA was down 2% and Greater China reported a 12% decline [12][13][14] Business Line Data and Key Metrics Changes - Zegna brand revenues were €293 million, up 3% supported by direct-to-consumer (DTC) channels, particularly in EMEA and the US [9][10] - Tom Brown reported revenues of €64 million, down 9% organically due to a reduction in wholesale [10][11] - Tom Ford Fashion recorded revenues of €67 million, with a 3% organic growth driven by DTC channels [10][11] Market Data and Key Metrics Changes - EMEA accounted for 34% of total revenues but was down 2%, primarily due to declines in Tom Brown's wholesale channel [12] - Greater China generated €123 million, accounting for 27% of group revenues, with a 12% decline, although initial signs of improvement were noted for the Zegna brand [13][14] - Rest of APAC reported 8% growth, driven by strong performance in Japan and Singapore [15] Company Strategy and Development Direction - The company is focusing on a more selective distribution approach, particularly for iconic products, to enhance brand exclusivity [106] - There is a strategic shift towards DTC channels, with a noted 5% growth in DTC revenues across all brands [15][16] - The company plans to implement a mid-single-digit price increase in response to a 10% tariff increase on imported products to the US [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook for Greater China, expecting continued negative performance but less severe than in Q1 [104] - The overall demand globally has not seen significant changes, with some improvements noted, particularly for the Zegna brand [28] - The company confirmed its guidance for low single-digit EBIT growth for 2025, emphasizing cost control measures [89][92] Other Important Information - The company is launching new collections and marketing campaigns to boost brand visibility and sales, including a summer drop collection for Zegna [24][25] - The company opened new stores, including a significant location in Riyadh and plans for further openings in Los Angeles [17][25] Q&A Session Summary Question: Trends in the Americas and product performance - Management noted strong performance across the US, with no specific areas of weakness identified, and highlighted double-digit growth in various regions [35][37] Question: Impact of the fashion show and pricing strategy - The fashion show has generated positive momentum, with new collections expected to launch in June, and management is confident in passing through price increases without significant volume loss [28][44][92] Question: Expectations for Greater China and wholesale outlook - Management anticipates a continued negative trend in Greater China, with wholesale channels expected to be a drag on growth, particularly for Tom Brown and Zegna [104][105] Question: Retail KPIs and pricing architecture for Tom Ford - Positive retail KPIs were noted, particularly in average selling price and conversion rates, with expectations for a balanced mix of higher ticket items in the new collections [126][127][128]

Core Insights - Valentino has launched its early autumn collection campaign, led by new creative director Alessandro Michele and photographer Glen Luchford [1][2] - The campaign emphasizes a "poetic ordinariness," featuring elements like a light purple heel, a parrot on embroidered fabric, and a sweatshirt with "CHEZ VALENTINO," aiming to resonate with consumers on a deeper level [1][2] - Michele's previous success at Gucci, where he increased revenue from €3.898 billion in 2015 to €9.628 billion in 2019, is seen as a positive influence for Valentino [1] - The luxury market faces challenges such as declining customer loyalty and shorter fashion cycles, necessitating a focus on digital communication and unique aesthetics to capture attention [1] Summary by Sections - **Campaign Overview** - Valentino's early autumn collection campaign showcases a blend of everyday scenes and fashion, aiming to deepen consumer connection with the brand [2] - **Creative Direction** - Alessandro Michele's appointment as creative director is strategically significant, with his past performance at Gucci setting a high expectation for Valentino [1] - **Market Challenges** - The luxury sector is currently dealing with issues like reduced customer loyalty and rapid trend cycles, prompting brands to innovate in their marketing strategies [1]