European Luxury Stocks Climb After Richemont Beats Expectations

Dow Jones07-15

0719 GMT - Richemont's better-than-expected sales report for its latest fiscal quarter lifted shares in the Cartier owner and its peers in the European luxury industry. France's LVMH, Hermes International and Kering, Italy's Brunello Cucinelli and Salvatore Ferragamo, Switzerland's Swatch and Britain's Burberry all trade higher after Richemont's update. Richemont reported an acceleration in sales growth for the June quarter to 20% when excluding currency movements. Vontobel's Jean-Philippe Bertschy called Richemont's performance stratospheric. Shares in Richemont climb 6.5%. LVMH, Hermes, Kering and Burberry all gain around 3%, while Cucinelli, Ferragamo and Swatch rise more than 2%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 03:22 ET (07:22 GMT)

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Vontobel's Jean-Philippe Bertschy called Richemont's performance stratospheric. Shares in Richemont climb 6.5%. LVMH, Hermes, Kering and Burberry all gain around 3%, while Cucinelli, Ferragamo and Swatch rise more than 2%. 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